The development of SMEs is very sensitive to the overall economic situation of every country such as the dynamics of economic growth, stability of the local currency, supply and demand on the home and foreign markets and the state’s micro-economic policy. This paper discusses the SME...

In modern business conditions, the success of an organization is connected to the leader skills and abilities. Leadership becomes more important every day due to the requests of a turbulent and variable environment which can be satisfied only by organizations led by leaders able to harmonize the...

The old principles no longer work in the age of Globalization. Businesses have reached the old model's limits with respect to complexity and speed. The real problem is a ruinously dysfunctional mismatch between today's business environment and the classic business model. Namely, the wrong model...

Before the subsequent process of economic transition from a socialist to a market economy, over 80% of arable agricultural land in Serbia has been in private hands. State and social ownership, before privatization, existed in large agricultural complexes. The right of private ownership of...

During the global economic and financial crisis, namely in the 2008-2009 period, the National Bank of Serbia kept the key policy rate at an unacceptably high level compared to EU member countries. The rationale behind implementation of such monetary policy were attempts to control fluctuations...

Based on standard classification of competitive advantages of a country as investment location and complex international assessments of countries' competitiveness, the paper identifies competitive advantages and disadvantages of five Western Balkan countries (WB5), as FDI location. WB5 as a...

Proportionally large share in gross domestic product, long-standing tradition and favorable climate conditions for organization of great deal of production lines in agriculture, have contributed to a fact that Serbian agriculture was awarded a status of development priority, and agriculture...

This paper aims to address key issues in maintaining financial system integration of Serbia in the European financial system, through inevitable structural changes in financial sector. The primary task of the NBS's policy in the previous years was to regulate the inflow of capital into the...

Maastricht criteria are well known to be arbitrarily designed. To top it all off, times and again they’ve been only briefly fulfilled and –worse even- often manipulated with. Among them, fiscal criteria and overall Stability and Growth Pact are perhaps the most controversial of all, as...