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New Perspectives for Economic Growth: Agribusiness as Serbia's Way Out of Crisis

In: European Integration Process in Western Balkan Countries

Author

Listed:
  • Jelena Vapa-Tankosic

    (University Business Academy Novi Sad)

  • Miroslav Stojsavljevic

    (University Business Academy Novi Sad)

Abstract

Financial crisis, as shown in this moment, can provoke great economic and social damage which hurts trade. The cost of essential financial service is getting higher than usual, while their availability is reduced, which is reflected indirectly through depressing aggregate demand. The most important trade partner for Serbia is the European Union and Free Trade Agreements markets. In the previous period, as well as in times of crisis, the EU was the final destination for about 48% of the total exports of agricultural and food products. This chapter will explore the importance of the role of agricultural trade and food sector as the only sector with a positive foreign trade balance in Serbia. This chapter will also give further recommendations on the promotion of the entire agricultural and food sector directed at preparing Serbian agriculture for enhancing competitiveness on the markets of the EU and future WTO integration.

Suggested Citation

  • Jelena Vapa-Tankosic & Miroslav Stojsavljevic, 2012. "New Perspectives for Economic Growth: Agribusiness as Serbia's Way Out of Crisis," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 37, pages 726-740, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:euinpro-37
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    References listed on IDEAS

    as
    1. Yuriy Gorodnichenko & Jan Svejnar & Katherine Terrell, 2010. "Globalization and Innovation in Emerging Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 194-226, April.
    2. Borko Handjiski & Robert Lucas & Philip Martin & Selen Sarisoy Guerin, 2010. "Enhancing Regional Trade Integration in Southeast Europe," World Bank Publications - Books, The World Bank Group, number 5931.
    3. Vassilis Monastiriotis, 2008. "Quo Vadis Southeast Europe? EU Accession, Regional Cooperation and the need for a Balkan Development Strategy," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 10, Hellenic Observatory, LSE.
    4. Sanjay Kathuria, 2008. "Western Balkan Integration and the EU : An Agenda for Trade and Growth," World Bank Publications - Books, The World Bank Group, number 6446.
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