Neoliberal concept of serbian economic policy generated extremely poor results in all domains of economic and social trends, starting from low competitiveness on a world scale, high foreign indebtedness, deindustrialization of the country, all the way to the staggering unemployment. Enterpises' functioning is characterized by low competitiveness and chronic illiquidity. In those conditions, a new economic policy is argued, the one that will lead to a sustainable growth and development of economy, eliminate regional disparities, enable a necessary level of investments and ensure favourable environment for small and medium enterprises (SME) development. The assertion of entrepreneurship as a whole, production in the first place, can be a good start of progressive and, certainly, pragmatic transformation and transition of our society towards the developed world.
economic policy economic crisis economic development entrepreneurship