IDEAS home Printed from https://ideas.repec.org/a/mje/mjejnl/v8y2012i3p27-36.html
   My bibliography  Save this article

Institutional Framework For Sustainable Development In Serbia

Author

Listed:
  • Dusan Zdravkovic
  • Snezana Radukic

Abstract

The rapid processes of globalization and economic integration have contributed to raising awareness of the need for a strategic commitment of all countries to achieve sustainable development. This new model of development of the global economy is based on the integration of economic, environmental and social considerations into decision making process at all levels of management. However, among these so-called three "pillars" of sustainable development, subsequently was introduced a fourth dimension - institutional component. To ensure the right of present and future generations on the environment, institutional support is needed. It is therefore necessary to build new institutional capacities and adapt existing ones. Thus, all four components should be considered in their mutual interaction and dependency. The paper will specifically indicate the adaptation of the institutional framework of Serbia with international standards, primarily the European Union standards in the field of sustainable development. It also will point out the importance of integrating the concept of sustainable development, as a global concept, in the policy process at all levels. Such integration can be achieved when all levels of management collaborate with each other, taking into account the different institutional frameworks, cultures and specific circumstances in the EU member states and candidate countries, such as Serbia. When implementing this concept, should be use a full range of measures aimed at reconciliation goal of environmental protection with the goal of economic growth in a rational way to maximize winning possibilities.

Suggested Citation

  • Dusan Zdravkovic & Snezana Radukic, 2012. "Institutional Framework For Sustainable Development In Serbia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(3), pages 27-36.
  • Handle: RePEc:mje:mjejnl:v:8:y:2012:i:3:p:27-36
    as

    Download full text from publisher

    File URL: http://repec.mnje.com/mje/2012/v08-n03/mje_2012_v08-n03-a11.pdf
    Download Restriction: no

    File URL: http://repec.mnje.com/mje/2012/v08-n03/mje_2012_v08-n03-a11.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nguyen Hoang Tien & Dinh Ba Hung Anh & Nguyen Minh Ngoc, 2020. "Corporate financial performance due to sustainable development in Vietnam," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 694-705, March.
    2. Luigi Bollani & Alessandro Bonadonna & Giovanni Peira, 2019. "The Millennials’ Concept of Sustainability in the Food Sector," Sustainability, MDPI, vol. 11(10), pages 1-19, May.
    3. Flaviu Moldovan & Petruta Blaga & Liviu Moldovan & Tiberiu Bataga, 2022. "An Innovative Framework for Sustainable Development in Healthcare: The Human Rights Assessment," IJERPH, MDPI, vol. 19(4), pages 1-27, February.
    4. Liviu Moldovan, 2015. "Sustainability Assessment Framework for VET Organizations," Sustainability, MDPI, vol. 7(6), pages 1-19, June.
    5. Alessandro Bonadonna & Chiara Giachino & Elisa Truant, 2017. "Sustainability and Mountain Tourism: The Millennial’s Perspective," Sustainability, MDPI, vol. 9(7), pages 1-15, July.
    6. Luigi Bollani & Giovanni Peira & Erica Varese & Enrico Nesi & Maria Beatrice Pairotti & Alessandro Bonadonna, 2017. "Labelling and sustainability in the green food economy: Perception among millennials with a good cultural background," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2017(2), pages 83-101.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:8:y:2012:i:3:p:27-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nikola Draskovic Jelcic (email available below). General contact details of provider: http://www.mnje.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.