The International Captial Flow and Economic Development of Serbia

Marijana Milunovic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2010, vol. 56, issue 2

Abstract: The international movement of capital as a global phenomenon today is the lacking of development of countries with their own funds, but also a danger that these countries find themselves in a subordinate position in relation to the decision-making centers on the placement of the capital. In this paper, the author analyzes modern forms of international planet-circling capital placement, the good and bad sides of debt, supporting the idea of good governance towards the cosmopolitan role of international capital. Our country, which is going trough a transition, is very interesting for foreign investors. According to the autor, our country should establish immediately the Serbian Development Bank in order to complete the placement of capital coming from international development sources, instead of using the commercial banks assets. The author concludes that, as a response to the global crisis, Serbia should follow the idea of the EU and the USA which founded EBRD, that is, the American Bank for National Development.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:288727

DOI: 10.22004/ag.econ.288727

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