New Perspectives for Economic Growth: Agribusiness as Serbia's Way Out of Crisis

Jelena Vapa-Tankosic and Miroslav Stojsavljevic
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Jelena Vapa-Tankosic: University Business Academy Novi Sad
Miroslav Stojsavljevic: University Business Academy Novi Sad

Chapter 37 in European Integration Process in Western Balkan Countries, 2012, vol. 1, pp 726-740 from Institute of Economic Sciences

Abstract: Financial crisis, as shown in this moment, can provoke great economic and social damage which hurts trade. The cost of essential financial service is getting higher than usual, while their availability is reduced, which is reflected indirectly through depressing aggregate demand. The most important trade partner for Serbia is the European Union and Free Trade Agreements markets. In the previous period, as well as in times of crisis, the EU was the final destination for about 48% of the total exports of agricultural and food products. This chapter will explore the importance of the role of agricultural trade and food sector as the only sector with a positive foreign trade balance in Serbia. This chapter will also give further recommendations on the promotion of the entire agricultural and food sector directed at preparing Serbian agriculture for enhancing competitiveness on the markets of the EU and future WTO integration.

Keywords: agriculture; export; Serbia; European Union; financial crisis; trade (search for similar items in EconPapers)
Date: 2012
ISBN: 978-972-9344-05-3
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