THE STATE OF THE REFORM AND THE PRIORITIES OF THE ECONOMIC POLICY IN SERBIA

The general estimate of the reform process in Serbia, during the period from 2001 to 2007 is implicit in the fact that the economic reforms have been performed more dynamic than political, legal or instituional reforms. The Serbia economy, in the last seven years of transition, is characterized by relatively macroeconomic stability, which is followed by low level of the investment activity, faster growth of import than export, with high foreign trade deficit and high rate of unemployment.

Nowadays, there is more than ever, the need for complete implementation of the developmental strategy, which would supply transition of Serbia economy into higher developmental phase, in which the competitiveness and development are based on knowledge, new technologies, efficient use of the human and material resources, stronger connection with international environment and efficient functioning of the market economy.

Key words: economy, reforms, competitiveness, development strategy, integrations.

JEL Classification: O20