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...

The high economic growth rates that emerging economies experienced over the last two decades have been studied with great interest by numerous economists. Even during a time of global crisis such as the present one, countries like Brazil, India and China (BICs) continue to achieve high growth...

In today societies the local public sector is getting increasingly important role in countries´ sustainable development. The sustainable development assumes close interrelation and specific balance between economy, society and environment. It implies balanced development of the economy and...

The aim of this chapter is to simulate the effects of some macroeconomic policy tools on production and inflation in an emerging economy affected by the current worldwide financial and real crisis, the Islamic Republic of Iran. The theoretical framework of our analysis is based on the so called...

The Republic of Serbia has declared accession of the European Union to be the main strategic goal and recognized the EU Sustainable Development Strategy as a guiding framework for the future development. In the first commitment period of Kyoto Protocol (2008-2012) the Republic of Serbia, as...

The aim of this chapter is to address the key transmission channels and possible mechanisms for minimizing or even neutralizing the effects of the global economic crisis in the Western Balkan countries. In that respect, the macroeconomic indicators will be analysed for the period starting just...

In this chapter we analyse the level of inequality in Western Balkan countries, particularly in Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia, during the past ten years. Inequality is one of the main challenges both for the economic theory and economies of the world...