Shaping the future of Serbia's economy : the new growth model and related economic policy platform
Abstract: As Serbia's economy enters 2020, we see a high level of risk, fragile growth outlook, and increasing tensions over the evident polarization according to the future growth trajectory. Taking the pulse of Serbia's economy, we see that current challenges are significant. After the 2015-2017 fiscal consolidation program successfully ended, Serbia desperately needs a new platform for shaping the future of the economy and society. It is undeniable that the global economy is in transition. It simultaneously deals with the negative consequences of the last recession and a positive impact of Industry 4.0. Food, transport, energy production and the ways how people produce and consume industrial product/services need to undergo fundamental transformation. The aim of this paper is twofold. First, to present strategic audit of the current economic situation in Serbia. Second, based on the situation analysis, to identify desirable intervention areas and related intentional policies, in accordance to broad based trends of change and their impact on the emerging contours of the new economy. Key idea is to present a conceptual paper without calibration of concreate policy measures
engleski
2020
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Keywords: Serbia; Industry 4.0; circular economy; heterodox model; industrial policies