The Economy of Sinking Cover Image

Економија понирања
The Economy of Sinking

Author(s): Snežana Grk
Subject(s): Economic policy, International relations/trade, Fiscal Politics / Budgeting
Published by: Институт за политичке студије
Keywords: real sector; external sector; anti-crisis measures; the future; the economy of sinking; International Monetary Fund; international financial organizations;

Summary/Abstract: The forthcoming years are going to be the years of hardship for the population of Serbia, due to a very bad situation in the economy and the society. This is brought about by the drop in the industrial production, the decrease of the gross domestic product, the highest inflation in the region, highest rate of unemployment, lowest salaries in the region, the highest cost of capital, i.e. interest rates in the region, a high public debt, an unstable exchange rate. Serbia is sinking at a dizzying speed both economically and socially. Unless the budget deficit is decreased and the growth of the public debt lowered, which most probably the economic experts in power will not be able to implement on their own, Serbia will, if the aid of international financial institutions fails, face an economic disaster. The times we are living in are very dangerous because people are unhappy. It is high time intellectuals from the social sciences, including economy, probed their conscience.

  • Issue Year: 2012
  • Issue No: 4
  • Page Range: 171-196
  • Page Count: 26
  • Language: Serbian