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Foreign Direct Investmen and Economic Trends in Serbia

In: Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis

Author

Listed:
  • Bozo Draskovic

    (Institute of Economic Sciences, Belgrade)

  • Zoran Rajkovic

    (Institute of Economic Sciences, Belgrade)

Abstract

The suspension of economic sanctions and the liberalization of Serbian economic system after the year 2000 led to free space for foreign direct investment. The delay, caused by economic sanctions, in opening the country towards the environment for more than ten years have a great impact to modest growth of foreign direct investment in the period 2001-2007. The presence of financial and global economic crisis in mid-2008 was decelerating, and particularly in future would influence on, the poor intensity of investment inflow in Serbian economy. The total foreign investments were dominantly realized through buying off state-owned and social companies. Therefore, the investment growth effects were not noticed considerately in export growth, employment rate increase, and trade deficit decrease. The expectations that the privatization economic policy, as one of the key economic policy factors, together with deregulation and liberalization, will assure the overall economic prosperity were unreal.

Suggested Citation

  • Bozo Draskovic & Zoran Rajkovic, 2009. "Foreign Direct Investmen and Economic Trends in Serbia," Book Chapters, in: Claude Berthomieu & Jean-Paul Guichard & Dejan Eric & Srdjan Redzepagic (ed.), Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis, edition 1, volume 1, chapter 19, pages 163-169, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:finsys-19
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