Changes in financial position of state as a security problem Cover Image

Promena finansijskog položaja države kao bezbednosni problem
Changes in financial position of state as a security problem

Author(s): Zoran S. Jeftić, Ivica Lj. Đorđević
Subject(s): Politics / Political Sciences
Published by: Институт за међународну политику и привреду
Keywords: customs; public debt; budget deficit; human security

Summary/Abstract: The second half of the 20th century will be remembered as the period of the biggest liberalisation in history in the area of international economic relationships. Many factors served that fact. First of all, attempts to eliminate circumstances which were the root caused of previous world wars. Along with liberalisation of the trade processes, there was a process of growth of public debt which significantly restricted public institution activities. Due to lack of funds in the budget, countries were forced to mortgage and pay significant amount of money for the rates of interest. Developing countries are especially in a very difficult position, because they are under constant pressure and are forced to accept unfavorable arrangements in order to make their system work at all. The circumstances which were mentioned are the hardest for the citizens, primarily due to the lack of funds for the financing of the public sector. Because of the various restrictions, the health system, education and public administration, have a constant deficit, and are not able to follow the needs of the local population. Dysfunction of national institutions represents a security problem par excellence.

  • Issue Year: LXVIII/2016
  • Issue No: 2-3
  • Page Range: 193-208
  • Page Count: 16
  • Language: Serbian