What Is To Be Done - Can Further Deterioration of Serbian Economy Be Stopped? Cover Image
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What Is To Be Done - Can Further Deterioration of Serbian Economy Be Stopped?

Author(s): Jovan B. Dušanić
Subject(s): Politics / Political Sciences
Published by: Nova srpska politička misao
Keywords: Serbia; reforms; crisis; neoliberalism; privatisation; spendthrift economy.

Summary/Abstract: The first prerequisite for the economic recovery of the country is to have as its leadership a competent, efficient and responsible government that will ensure that economic reforms are realised for the benefit of the majority of citizens, not in the interests of big capital, the world oligarchy and a small circle of the comprador class. Presupposing that the conditions for making and implementing the programme of economic modernisation are created, what must be done urgently is to relinquish the disastrous neoliberal economic policy, i.e. to dispose of the imposed atypical model of business activity, whose effects are more than devastating. It is evident that the model of business activities that has existed so far, based on (re)selling of assets, borrowing, import and spending, must be urgently replaced by a typical model of business activity, or, to put it differently, to replace spendthrift economy by frugal economy.

  • Issue Year: 20/2012
  • Issue No: 01+02
  • Page Range: 29-43
  • Page Count: 15
  • Language: Serbian