Uticaj svetske ekonomske krize a stanje i perspektivu privrede Srbije

Abstract

Economy of Serbia before the breakup of the SFRY was in deep crisis. This particularly applies to the period after the 1980th year. The growth rate of GDP declines from year to year, inflation is rising - from the early 80th double-digit to four-digit at the end of this decade, and parallel decline employment and labor productivity, while the deficit and external liquidity of the country are becoming alarming. Economic crisis, of course, was not a phenomenon that is mastered only Yugoslavia, but almost all socialist countries faced with crisis. The transition from socialism to capitalisam on a global scale was followed as a response to the crisis. The results of the transition of Serbian economy were very disappointing in the first ten years. Serious dilemma at the beginning of the transition process represented a choice of the way and the model of privatization of enterprises. Instead of a comprehensive privatization, supported social ownership. Followed years of economic sanctions, hyperinflation and war. As a result of social differences have become prominent, and the production and GDP growth were low or negative trend. With the political changes of October 2000. the running process of intensive economic reforms. The reforms have been most intense in the first three years, but they later came the swing in their intensity. The result of these processes is obvious socio-economic progress of Serbia. However, the relatively high rate of economic growth achieved by increasing fiscal and trade deficit, is unsatisfactory level of inflation, high unemployment, low domestic savings and high level of external debt. Macroeconomic imbalances and risks have been growing year after year, primarily due to unformed institutions, high public spending, the slow process of Serbian approaching the Europe union, insufficient export and inflow of foreign direct investment. Overall Serbian economy is still in the stage of reimbursing the deep fall caused during the nineties. The world economic crisis has arrived in Serbia at the end of 2008th year and it has interrupted the process of reforms. Our country is affected, primarily due to less availability of foreign capital, which reduce lending and knocked domestic demand. Matter further aggravates the decline in exports, which is driven by the decline in production and import demand in almost all European countries, our trading partners. After eight years of progress, world economic crisis has led to a significant decline of real wages, consumption and production. Doctoral dissertation, entitled "The world economic crisis influence to the Serbian economy prospect and situation", provides answers to the above challenges, and determine the manner and priorities for the exit from the economic crisis and further development of economy of Serbia. In this respect, the first examines the state of economy of Serbia until spilling the world economic crisis, and then gives insight into the impact of the crisis on the domestic economy. A key part of the work is the vision of the future economic development of Serbia and the manner of its realization.