Competitiveness in the Serbian economy in the period of crisis

Marjanović, Darko and Dragaš, Radovan and Radojević, Predrag (2013) Competitiveness in the Serbian economy in the period of crisis. In: III International Symposium Engineering Management and Competitiveness (EMC 2013), Zrenjanin, 21-22nd June 2013. Technical Faculty "Mihajlo Pupin", Zrenjanin, pp. 323-328. ISBN 978-86-7672-202-0

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Abstract

Globalization and high capital mobility, followed by a partial influence of internal factors, directly contributed to the transformation of the economic system in the world. Among others, significant changes included the fiscal system, under which, the fiscal authorities seek to tax, financial and other incentives and build competitiveness. In times of crisis, stable economic, financial and political system, as well as provided legal security of property, are essential prerequisites for the creation of an enabling environment for investment. Today, foreign direct investment main mechanism of globalization of the world economy. They are primarily an economic phenomenon, based on the assumption, and proved in practice to their optimal actions contribute to the overall economic growth. The presence and size of certain factors foreign investment depends on the type of foreign investment and capital importing countries open to receive foreign capital. Serbia's strategic goal is to increase their competitiveness and to join the group of the most competitive European countries. To achieve competitiveness it is necessary to strengthen the key competitiveness factors, primarily to establish a stimulating investment climate for investments, primarily in education and infrastructure and improving the strategic management and leadership.

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