Chasing Its Own Tail for Seven Decades Cover Image

Chasing Its Own Tail for Seven Decades
Chasing Its Own Tail for Seven Decades

The Serbian Quest for Self-Reformation

Author(s): Ognjen Radonjić, Miodrag Zec
Subject(s): National Economy, Business Economy / Management
Published by: HESPERIAedu
Keywords: Reform; Serbia; redistribution; consumption; savings; investments; economic growth

Summary/Abstract: Question of balancing between the principle of fairness and the principle of efficiency is a key issue of any reform and this is where the state emerges as a key civilization instrument for ensuring nation’s progress. Unfortunately, Serbian society has made a strategic failure. Instead of building a state as a foundation for the creation of new national wealth, the state in our scenario has become a key instrument of class, regional, and inter-generational redistribution. There are very few countries like Serbia, where political elite for decades advocates designing of long-term development strategies and creates a large number of institutions for their implementation, and, at the same time, in the real-life, persistently conducts diametrically opposite policies of favouring short-term interests over long-term goals.

  • Issue Year: 2014
  • Issue No: 2
  • Page Range: 31-43
  • Page Count: 13
  • Language: English
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