Modern economies cycle through periods of recession and with this phenomenon they have learned to choose. Large problems arise when, instead of cyclical crises, global and comprehensive crises affect the functioning of small economies. Crises of weak economies, as a rule, start as currency, and then quickly turn into debt and banking. In the first step, the foreigners stop the capital entry into the country and / or withdraw the already entered capital - by prematurely repaying the loan, withdrawing the profit or sale of domestic securities. In such a situation, the output is to increase domestic accumulation. Effective economic policy should support mechanisms that create competition for certain economic activities in order to realize an increase in economies of scale and / or effects of agglomeration, which corresponds to the internalization of positive spatial-specific effects of expansion of activity (externalities). The inclusion of Serbia in the "Third Technological Revolution", with the abandonment of the concept of industrialization, is primarily conditioned by the import of modern technologies, and the transfer is accepted as an important element of development, both industrial and commercial, in general. However, since the beginning of the twenty-first century for Serbia, the great problem is the outflow of professional and highly educated workforce, which significantly reduces the potential for further development of scientific research, which is the basis of technological progress and modern inclusion in the processes of globalization. The economic crisis affects the growth of the economy to a greater or lesser extent. The predictions of the economic future of the Serbian economy are very ungrateful, because not only the public, but also experts offer different estimates, optimistic pessimistic, with or without arguments.

Read online

Download this PDF file

Božić-Milјković, I, 2018, Ekonomije balkanskih zemalјa, Institut za međunarodnu politiku i privredu, Beograd, str.176-177.

Gligorov, V., 2003, Budućnost zakasnele integracije, U: (Bajić, V-&Lopandić, D.), Srbija i Crna Gora na putu ka Evropskoj uniji, Evropskipokret u Srbiji i FondacijaFridrihEber, Beograd, str.62-66.

Grečić, V., 2019, Kako ublažiti “odliv mozgova”, Politika, Beograd, 29. januar 2019, str.11.

Filipović, J., 2013, Managementof Diaspora, Virtual University asa Complex Organization, Germany: Lambert Academic Publishing.

Katić, N., 2018, Strane direktne investicije, domaće iluzije i BDP, Politika, Beograd, 12.09. 2018.

Katić, N., 2018, Čekajući veliku ekonomsku krizu, Politika, Beograd, 10.10.2018, str.11.

Petrović, P.,Pavlović, Đ., 2018, Preduzetništvo traži kredite, Ekobiz, Bijelјina, jun, 2018.

World and European Consilium of the European communities, 2008, Green Paper Entreprenurship in Europe, Bruxelles.

World and Commission of the European communities, 2011, Small Business Act for Europe, Bruxelles.