RAISING OF COMPETITIVENESS OF EXPORT-ORIENTED INDUSTRIES – ECONOMIC PRIORITIES OF NATIONAL IMPORTANCE

Vladimir M. Ivana M. Mitroviæ, Mitroviæ

No 2014-03, Ekonomika, Journal for Economic Theory and Practice and Social Issues from „Ekonomika“ Society of Economists, Niš (Serbia)

Abstract: Creating a highly competitive economy is a goal of every country. However, even after more than 10 years of transition, competitiveness of our economy is extremely low according to all criteria and indicators recognized by relevant institutions. Incomplete and inefficient structural reforms in industry and activation of the industrial export and development resources are limiting the efficency of our industry’ s involvement on the international market. Serbia, as a small country, by nature of things is focused on trade exchange and international economical cooperation and without that has no chance for independent development, not even a chance to sustain the existing level of production. It can only develop if its industrial companies make their products for the international market and expand their business networks worldwide. For this to be achievable, Serbia first must adjust its products to the demands of the international market, by implementing adequate technology and increasing production efficiency levels. The aim of this work is to shed light on important conditions, factors, strategic goals and incentive policy for increasing the competitiveness of industries in Serbia, because only a strong and competitive industry can withstand the challenges and pressures of other participants, and at the same time, provide the quality and the range of export, in other words, economical growth and social welfare.

Keywords: competitiveness; determinants of competitiveness; economy and industrial policy; re-industrialism; export industry (search for similar items in EconPapers)
JEL-codes: F43 P45 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2014-10
New Economics Papers: this item is included in nep-cse and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:esb:castrc:2014-323

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