Investicije i privredni razvoj: različita svetska iskustva i kontroverze u Srbiji
Investments and Economic Development: Various World-Wide Experiences and Controversies in Serbia

Summary/Abstract: Functionality and sustainability of the chosen model of economic development is reflected in its ability to create surplus and to direct thus created surplus into productive investments. The extent to which economic model is sustainable and successful in the creation of surplus depends primarily on the availability of production resources and the quality of political and social construction that is the basis for the creation of a society of knowledge and progress. This paper investigates the relationship between investment and economic development in different socio-economic models: from the classical totalitarianism (such as oriental despotism and enlightened absolutism), communist totalitarianism (including „hard” and „soft” communism) and a number of controversies surrounding the transition process in Serbia to a democratic systems such as liberal and the social-democratic states. We conclude that experience has shown that, with the implementation of certain social corrections, societies based on private property, competition and the rule of law are successful in achieving the goal of long-term growth and stability. On the other hand, totalitarian societies are unstable and frequently exposed to the destructive turbulences.

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