THE PRIORITY DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT
RECENT PERFORMANCE OF THE ECONOMY OF SERBIA IN THE DOMAIN OF INSTITUTIONAL COMPETITIVENESS
Zoran Stefanović, Milena Lazarević
Abstract: In order to gain desirable position in the globalized division of labour, national economies must continuously adapt their institutional structures. Institutional arrangements are important contributor to the ability of society for economic growth, which is reflected in national competitiveness. As the basis of national productivity improvement, institutions can be classified in numeous manners. Of special interest can be classification offered by World Economic Forum, which dividides institutions in two large groups – public and private institutions, with their subinstitutional arrangements – and evaluate their contribution to national productive ability (competitiveness). Problems of competitiveness and institutional development are particularly relevant for the economy of Serbia, which is passing through the process of belated transition. Thepaper offers insight into the problem of institutional competitiveness and provides review of the recent achievements of Serbian economy in that domain.
Keywords: competitiveness, institutions, the economy of Serbia.
Published: p. 3-12
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