Limitation for sustainable development of the Republic of Serbia

In the first part of the paper we analyze core limiting factor for sustainable development in Serbia - delay of transition process, and unused experience of countries that had been in transition. Even one decade later, Serbia is not acknowledged post-Washington consensus recommendations based on the...

Full description

Bibliographic Details
Main Authors: Milenković Dragana, Milenković Ivan
Format: Article
Language:English
Published: University of Pristina in Kosovska Mitrovica, Faculty of Economics 2015-01-01
Series:Ekonomski Pogledi
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2015/1450-79511501013M.pdf
_version_ 1797224715960451072
author Milenković Dragana
Milenković Ivan
author_facet Milenković Dragana
Milenković Ivan
author_sort Milenković Dragana
collection DOAJ
description In the first part of the paper we analyze core limiting factor for sustainable development in Serbia - delay of transition process, and unused experience of countries that had been in transition. Even one decade later, Serbia is not acknowledged post-Washington consensus recommendations based on the experiences of some countries in Central and Eastern Europe. If sustainable development is understood as a country's ability to function in the given capacity, it is clear why in that second part of the paper we analyze the external imbalance of the Serbian economy. In the third part of the paper we analyze the recommendations for a new strategy of sustainable development. The economic development today is based on three sectors: financial intermediation, retail and wholesale trade, transportation, and telecommunications - that belong to non-exchangeable sector of the economy. Serbia needs to strengthen exchangeable sector in order to have export-stimulated growth instead of demand-stimulated growth.
first_indexed 2024-04-24T13:57:32Z
format Article
id doaj.art-176b1dd9060043bf938640177c04f510
institution Directory Open Access Journal
issn 1450-7951
2334-7570
language English
last_indexed 2024-04-24T13:57:32Z
publishDate 2015-01-01
publisher University of Pristina in Kosovska Mitrovica, Faculty of Economics
record_format Article
series Ekonomski Pogledi
spelling doaj.art-176b1dd9060043bf938640177c04f5102024-04-03T16:28:32ZengUniversity of Pristina in Kosovska Mitrovica, Faculty of EconomicsEkonomski Pogledi1450-79512334-75702015-01-01171132410.5937/EkoPog1501013M1450-79511501013MLimitation for sustainable development of the Republic of SerbiaMilenković Dragana0https://orcid.org/0000-0002-3098-7630Milenković Ivan1https://orcid.org/0000-0002-2947-8118University of Priština, Faculty of Economics Kosovska Mitrovica, SerbiaUniversity of Novi Sad, Faculty of Economics, Subotica, SerbiaIn the first part of the paper we analyze core limiting factor for sustainable development in Serbia - delay of transition process, and unused experience of countries that had been in transition. Even one decade later, Serbia is not acknowledged post-Washington consensus recommendations based on the experiences of some countries in Central and Eastern Europe. If sustainable development is understood as a country's ability to function in the given capacity, it is clear why in that second part of the paper we analyze the external imbalance of the Serbian economy. In the third part of the paper we analyze the recommendations for a new strategy of sustainable development. The economic development today is based on three sectors: financial intermediation, retail and wholesale trade, transportation, and telecommunications - that belong to non-exchangeable sector of the economy. Serbia needs to strengthen exchangeable sector in order to have export-stimulated growth instead of demand-stimulated growth.https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2015/1450-79511501013M.pdfcorporate managingprivatizationexport structuresector of exchangable and non-exchangable goodsforeign debt
spellingShingle Milenković Dragana
Milenković Ivan
Limitation for sustainable development of the Republic of Serbia
Ekonomski Pogledi
corporate managing
privatization
export structure
sector of exchangable and non-exchangable goods
foreign debt
title Limitation for sustainable development of the Republic of Serbia
title_full Limitation for sustainable development of the Republic of Serbia
title_fullStr Limitation for sustainable development of the Republic of Serbia
title_full_unstemmed Limitation for sustainable development of the Republic of Serbia
title_short Limitation for sustainable development of the Republic of Serbia
title_sort limitation for sustainable development of the republic of serbia
topic corporate managing
privatization
export structure
sector of exchangable and non-exchangable goods
foreign debt
url https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2015/1450-79511501013M.pdf
work_keys_str_mv AT milenkovicdragana limitationforsustainabledevelopmentoftherepublicofserbia
AT milenkovicivan limitationforsustainabledevelopmentoftherepublicofserbia