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Jugoslav Aničić, Dušan Aničić and Goran Kvrgić

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2019, vol. 65, issue 2

Abstract: Backwardness in economic development in comparison with EU and countries from region, expressed especially after big crisis from 2008, demands a change of country’s economic policy in order to create assumptions for a long-term sustainable development and competitiveness’ increase in regional and world contexts. Having in mind results realized so far, there is a real danger that current economic policy will stabilize country on a low level of GDP, high unemployment rate, with low wages and bad working conditions in a large number of enterprises, in domestic or foreign ownership. Such situation is a result of non-existence of adequate strategy of economic development in transitional period. The goal of paper is to point that new economic policy should be based on support to sectors which most of its added value create through internationalization of business and which have faster growth of revenues on foreign than on domestic markets, such as IT sector, agro-business, medium-tech developed industries.

Keywords: International; Development (search for similar items in EconPapers)
Date: 2019
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DOI: 10.22004/ag.econ.294186

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