ПОВЕЋАЊЕ ИЗВОЗА – УСЛОВ ЗА ОСТВАРЕЊЕ СПОЉНЕ И УНУТРАШЊЕ МАКРОЕКОНОМСКЕ РАВНОТЕЖЕ РЕПУБЛИКЕ СРБИЈЕ
INCREASING EXPORTS – THE CONDITION FOR ACHIEVING EXTERNAL AND INTERNAL MACROECONOMIC BALANCE OF THE REPUBLIC OF SERBIA

Summary/Abstract: The aim of this paper is to present the key long-term solution for achieving macroeconomic balance of the Republic of Serbia – the increase in exports, which primarily helps reduce the balance of payments deficit and subsequently, via the exchange rate channel, affects the stability of the general price level. Short-term solutions, which include borrowing and reducing aggregate demand, are unsustainable in the long run. The paper shows the connection between internal (inflation) and external imbalances (balance of payments deficit), as well as the activities and measures to encourage and diversify exports, starting from the basic features, capabilities, and limitations of the Serbian economy.

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