Should Re-Industrialisation Represent The Final Stageof Transition The Case Study Of Serbia

Sofija Adzic

Montenegrin Journal of Economics, 2007, vol. 3, issue 6, 131-145

Abstract: The initial thesis in this paper is the basic condition for completion of (economic) transition in Serbia through incapacitating of enterprises for business activities within the Internal European Union Market. The second thesis is that the solution of this problem is based on the paradigm of reindustrialisation in the context of: (1) enhancement of all forms of management, in particular in the field of export clusters, business networks and alliances and sector of production of public goods and services of public administration. (2) observing of principles of participation and consensus of economic and social partners, and (3) precise and transparent professionalisation and decentralisation of functions of public regulation of economy and economic development. The third thesis is that for realisation of the project of reindustrialisation it is necessary to create conditions for constituting of good business environment in the function of stimulation of (private) production investments into exporting industries. The fourth one is that the development of good business environment depends much more on internal factors than on the external surroundings. In accordance with the above, the appropriate solutions for constituting of good business environment in the function of reindustrialisation of Serbia should be looked for in: (1) the development of stimulative market and institutional environment for the development and more complete employment of available economic, technological and human potentials with the optimum allocation of production factors and development based on cooperation of all stakeholders of modern industry, supplemented with harmonised and efficient public regulation of economy and economic development, and (2) intensification of structural changes in market, technological, organisational and cost performances of agricultural estates, industrial enterprises, business activities and complexes.

Date: 2007
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