Metal and Machine Industry in Serbia (original) (raw)
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Contemporary Trends in the Development of Industry in the World and Serbia
8th International Conference "Economics and Management-Based on New Technologies" EMoNT-2018 25-28 June 2018, Vrnjačka Banja, Serbia, pp. 86–93., 2018
The authors offer a view on the current state of industry and contemporary tendencies in its development in Serbia and the world. Particularly, this academic paper analyzes the state of Serbian industry, which collapsed at the beginning of the last decade of the 20th century, after having gone through three waves of industrialization. Serbian economy and industry have not recovered from deindustrialization even after two decades of unsteady development in the current century. Lastly, it presents some possibilities to revitalize the industry and achieve its harmonious development.
Challenges of industrial development of Serbia
Panoeconomicus, 2009
Built upon education ideologies of the previous century, development of Serbian industry is not able to meet global demands of the modern, 21st century market. Innovative ongoing processes in technology and all industrial branches are global and ever more rapid, and they are circumventing the SEE region. The economic structure of Serbian industry at the beginning of transition was two decades old. At the beginning of 2009, after eight transition years, a short economic transition summary is as follows: the trailing caused by the events of the 1990s is very hard to cope with and we are only half through with this task; on the other hand, we are lagging behind EU-15 and EU-10 more and more. Apart from the analysis of structural non-adjustment of the industrial system and its impact on the macroeconomic balance, the paper underlines a significant role of the state in the formulation of industrial policy.
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Facta Universitatis. Series: Economics and Organization, 2015
The achieved level of economic development determines the degree of industrial development in one country. The aim of this paper is to identify the key determinants of the new industrial policy of Serbia, in the context of European integration processes. The same is based on the analysis of strategic documents of Serbia and the European Union, governing the industrial development for the period up to 2020. Particular attention is paid to the monitoring of developmental dynamics and trends in improving industrial competitiveness. It has been noted that the achieved level of industrialization defines the industrial competitiveness of a national economy. Serbia needs an efficient, industrially competitive economic structure that will be able to meet the growing demands and challenges of the market. Only a properly designed and consistently applied industrial policy can follow the European developments in the future.
The contribution to the making of the new industrial policy of Serbia
2019
This paper explores the economic and industrial development in Serbia, and the possibilities for their recovery based on the framework of the Fourth Industrial Revolution (4IR). The paper has two aims: first, to provide a brief review of the economic development in Serbia; and second, to give some recommendations for the re/neo-industrialization strategy or the Strategy Smart Specialization (S3) in accordance with the new European industrial policy (based on the 4IR and "research and innovation systems" - RISs). An analytical and conceptual framework has been applied for the understanding and improvement of a new industrial policy by S3. Research is based on the preliminary use of a data-driven approach in a multi-dimensional framework related to the 4IR. The future Serbian S3 should identify the strategic areas for intervention and promote the creation of innovative products and services in several domains. Some recommendations are also given for the preparation of S3 in ...
The long-run relationship between production and external trade of basic metals division in Serbia
Industrija, 2006
Rezime: Being the major foreign exchange earner basic metals division is without a doubt an important manufactury division for Serbia. Given the importance of the industry cointegration and error correction techniques were used to estimate the long-run relationship between monthly external trade and production of basic metals. Both the long-run and short-run results indicate that external trade is positively related with production. Contrary to expectations, import was found to have a positive relationship with production. Furthermore, production and export of this division are increasingly import dependent, especially upon raw materials. Ključne reči: manufacture of basic metals, cointegration, error correction model Summary: Kao najveći izvoznik oblast proizvodnje osnovnih metala je bez sumnje veoma važna oblast srpske prerađivačke industrije. S tim u vezi smo tehnikom kointegracije i modelom korekcije ka ravnoteži ocenili međuzavisnost proizvodnje i spoljnotrgovinske razmene ove oblasti. Rezultati i u dugom i u kratkom roku ukazuju da je spoljnotrgovinska razmena pozitivno vezana sa proizvodnjom. Suprotno očekivanjima, pokazlo se da između uvoza i proizvodnje postoji takođe pozitivna veza. Štaviše, proivzodnja i izvoz ove oblasti su visoko uvozno zavisni, posebno u pogledu sirovina.
Industrial Development in the EU: Lessons for the Future Member States
The paper analyzes the main characteristics and major changes in manufacturing industry in the old EU member states over the past twenty years, in order to draw some lessons for the Southeast European economies in transition, often referred to as the Western Balkans (WBs)-Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia. During the last twenty years the more developed EU member states have experienced substantial changes in the structure of their economies, with services becoming the prevalent sector in terms of the most important indicators. Nevertheless, there is great heterogeneity within the EU regarding the contribution of manufacturing to employment and value added. The global financial and economic crisis from late 2008 onwards has revived the debate about the role of industry, its importance for economic growth and for international competitiveness. In this context, there has also been a renewed interest in industrial policy and reindustrialization. The ongoing analysis of trends in the EU could be extremely relevant for the WB countries, since these countries have gone through a process of strong deindustrialization. Given that their level of economic development is still low, manufacturing industry remains indispensable for future economic growth. The EU experience could offer useful guidelines for formulating future policies in this area.
“Now more than ever, Europe needs industry and industry needs Europe” (COM, 2010). Although today the service sector accounts for over 50% of GDP in most countries, the majority of these services are directly or indirectly connected to industry. The significance of manufacturing industry was additionally reaffirmed by the most recent global financial and economic crisis. Therefore, it is not surprising that over the last few years political leaders have been calling for a new industrial policy which is against deindustrialisation. Acceleration of the rate of technological advancement and preconditions for efficient participation in globalisation are difficult to realize and, in many countries, this renders their ability to compete more difficult. As the European integration becomes stronger, the effectiveness of national economic policies decreases. A new industrial innovation policy (so-called ‘ manufutur’ ) must ensure a much faster development and commercialisation of goods and services, which will put EU enterprises in the leading market position. In addition to many problems it had in the past, contemporary Croatian industry has been dealing with outdated technology and lack of interest in technical sciences among young people; concentration of capital, knowledge and activities in the No. 1 region in the country which is North-western Croatia; lack of national industry vision and strategy, as well as lack of financial means necessary for investments into the ‘new industry’. It becomes imperative to create and implement an adequate industrial policy which has to be the result of a comprehensive analysis of the relevant, past and future, industrial factors, but, in doing that, it is important to take into consideration the limitations of the EU, as well as limitations at the level of the Member States.
A propaedeutics of Serbia's new industrial policy and its impact on territorial development
2020
The paper analyzes the post-socialist industrial development of Serbia and the theoretical and empirical propaedeutics on new industrial policy (under the influence of the EU industrial policy, globalization process and the Fourth Industrial Revolution/4IR). It is indicated the key issues of Serbian industry, explored the strategic perspectives of a new industrial policy of Serbia, and its possible impacts on territorial development.An analytical framework of the globalization theory regarding a new industrial policy has been applied in the paper, as well as the European RIS framework, which was prescribed for the EU accession countries, in preparation of their "Strategy of Smart Specialization"/S3. The paper has indicated global challenges of the new industrial policy under disruptive technological changes, uncertain growth and precarious employment. The global framework for a new industrial policy causes a new spatial configuration, especially in the regions and cities, ...
The Industrial Policy of Serbia and Possible Consequences on Urban Development
Book of Proceedings: e-Future of Cities – between temptations of exponential technology growth and the concept of human city, 2019
The presentation of the materials in this Book of Proceedings do not imply the expression of any opinion whatsoever on the part of the editor. The texts of this publication, excluding photographs, may be reproduced if indicated by the source. Quoting and sources are the sole responsibility of authors of particular articles.
Industrial Development in the EU: What Lessons for the Future Member States?
The paper analyzes the main characteristics and major changes in manufacturing industry in the old EU member states over the past twenty years, in order to draw some lessons for the Southeast European economies in transition, often referred to as the Western Balkans (WBs) -Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia. During the last twenty years the more developed EU member states have experienced substantial changes in the structure of their economies, with services becoming the prevalent sector in terms of the most important indicators. Nevertheless, there is great heterogeneity within the EU regarding the contribution of manufacturing to employment and value added. The global financial and economic crisis from late 2008 onwards has revived the debate about the role of industry, its importance for economic growth and for international competitiveness. In this context, there has also been a renewed interest in industrial policy and reindustrialization. The ongoing analysis of trends in the EU could be extremely relevant for the WB countries, since these countries have gone through a process of strong deindustrialization. Given that their level of economic development is still low, manufacturing industry remains indispensable for future economic growth. The EU experience could offer useful guidelines for formulating future policies in this area.