Revival of the Bureaucratic Capitalism Model and Identification of the Etatist Syndrom among Young Serbian Population Cover Image

Oživljvanje birokapitalističkog modela i identifikacija etatističkog sindroma kod mladih Srbije
Revival of the Bureaucratic Capitalism Model and Identification of the Etatist Syndrom among Young Serbian Population

Author(s): Siniša Zarić, Vojislav Babić
Subject(s): National Economy, Economic policy, Financial Markets, Socio-Economic Research
Published by: HESPERIAedu
Keywords: Regulation; state; economic crisis; economic culture; youth of Serbia

Summary/Abstract: This text deals with the growing state trend interfering in economy both in the world and in Serbia during the global economic crisis. It is aiming at calling attention to state regulating growing trend in Serbian economy which strengthens non-economic thinking, generates soft budgeting constraints and results bad economic parameters. Emphasized state presence in Serbian economic processes can neither be explained by prolonged transitional process lasting (Serbia as the only country in the phase of transitional recession), nor can it make any sense of new regulation aspects, as a consequence of global economic crisis. Economic culture must be taken into account characterizing strong syndromes of paternalism, etatism and non-competitiveness. The ruling set of non-formal institutions which are slowly being changed, according to D. North, represent good platform for newstate-interventionism and budget constraint softening.

  • Issue Year: 2013
  • Issue No: 3
  • Page Range: 79-94
  • Page Count: 16
  • Language: Serbian