COOVERCOMING FINANCIAL STRUCTURAL DISORDERS AS A PREREQUISITE FOR STRENGTHENING THE COMPETITIVENESS OF SERBIAN ECONOMY

Dejan Malinić and Vlade Milićević
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Dejan Malinić: Faculty of Economics University of Belgrade
Vlade Milićević: Faculty of Economics University of Belgrade

Serbian Association of Economists Journal, 2012, issue 7-8, 317-328

Abstract: From the present point of view, we may conclude that, besides the usual incompleteness of legal framework, lack of corporate culture, extremely long and still unfinished privatization, which was mostly inadequate and implemented inefficiently, accumulated financial structural problems in our companies, whose origin dates back to the early 1990s of the last century, pose an additional burden restraining Serbian economy to finally find the right path for the exit from the crisis. Nowadays, at almost every step, we witness consequences resulted from many years of underestimating financial structural problems and even lack of understanding by those who should point the way towards the recovery of exhausted Serbian economy. All these consequences could be unified by the statement that our economy is still mostly immature to deal with a very tough competition awaiting it at a global level. Without raising the competitiveness of national economy, it is hard to believe the stories of its improvement in any segment, of higher employment, raising standards and any other socioeconomic well-being. The following paper advocates this very idea and offers several concrete solutions, which, along with some other systemic measures, should enable long-awaited recovery of Serbian economy

Keywords: competitiveness; liquidity; indebtedness; profitability; investment capabilities; capital expenditure; sustainable growth (search for similar items in EconPapers)
JEL-codes: E00 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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