Serbia’s Sustainable Development Strategy and Industrial Policy for the European Union and the World Trade Organization

Living reference work entry
Part of the Sustainable Development book series (SD)


Serbia is a Southeastern European country, located in the region which is nowadays commonly referred to as Western Balkan. The most important strategic goal of Serbia is membership in the European Union and the World Trade Organization. In a pursuit of accessions, national development strategy calls for sustainable growth and economic development, but some parts of Serbian economy are still in the transition from socialist heritage. Serbian industry is not able to meet requirements from contemporary global market and is still burdened with many challenges. This paper analyzes the structural adjustment of the industry and its impact on the macroeconomic balance, during the period of negotiation for the accession to the WTO and EU, and underlines a significant role of the state in this process.


Serbia Industrial policy Development strategy Structural change EU WTO 



This paper forms part of the research results on the project “Serbia in contemporary international relations: Strategic directions of development and firming the position of Serbia in international integrative processes – foreign affairs, international economic, legal and security aspects”, No. 179029, financed by Ministry of Education, Science and Technological Development of the Republic of Serbia and implemented in Institute of International Politics and Economics, Belgrade.


  1. Bukvić R, Pavlović P, Hadžić M (1995) Implementation of the programme of monetary reconstruction and economic recovery of Yugoslavia in 1994. Yugoslav Surv 36(1):29–58Google Scholar
  2. Chamber of Commerce and Industry of Serbia (2016) Privreda Srbije (The economy of Serbia). Accessed 23 May 2016
  3. Council of the European Union (2014) Council conclusions on enlargement and stabilisation and association process. General affairs council meeting. Accessed 28 May 2016
  4. Delegation of the European Union to the Republic of Serbia (2016) Benefits from Serbia – EU trade. Accessed 19 Feb 2016
  5. European Commission (2015) Serbia 2015 report. SWD(2015) 211 final, BrusselsGoogle Scholar
  6. Government of the Republic of Serbia (2008) National Sustainable Development Strategy, BelgradeGoogle Scholar
  7. Government of the Republic of Serbia (2011) Strategija i politika razvoja industrije Republike Srbije od 2011 do 2020 (Strategy and policy of industrial development in Serbia in the period 2011–2020). Službeni glasnik RS (Official Gazette of Republic of Serbia), vol. 55/2011, BelgradeGoogle Scholar
  8. Hanson G, Mataloni R, Slaughter M (2001) Expansion strategies of U.S. multinational firms. In: Rodrik D, Collins S (eds) Brookings trade forum: 2001. Brookings Institution Press, Washington, DCGoogle Scholar
  9. Jakopin E, Bajec J (2009) Challenges of industrial development of Serbia. Panoeconomicus 4:507–525, BelgradeGoogle Scholar
  10. Jelisavac S (2002) Ekonomske reforme u zemljama kandidatima u perspektivi budućeg ulaska u Evropsku uniju (Economic reforms in the candidate countries in the perspective of future accession to the European Union). Evropsko zakonodavstvo (European Union Legislation), vol 1. Institut za međunarodnu politiku i privredu (Institute of International Politics and Economics), Belgrade, pp 94–96Google Scholar
  11. Jelisavac S (2006) Odnosi Srbije i Svetske trgovinske organizacije (Relations between Serbia and the World Trade Organization). Međunarodna politika (International Politics), vol 1122, April–June 2006. Institut za međunarodnu politiku i privredu (Institute of International Politics and Economics), Belgrade, pp 48–54Google Scholar
  12. Jelisavac S (2009) Prelazni sporazum o trgovini između EU i Srbije i njegova početna primena (Interim Trade Agreement between the EU and Serbia and its initial application). Međunarodna politika (International Politics), no. 1134 vol. LX, 2009. Institut za međunarodnu politiku i privredu (Institute of International Politics and Economics), Belgrade, pp 26–45Google Scholar
  13. Jelisavac Trošić S (2015) Pregovori u okviru GATT i STO (Negotiations under GATT and WTO). Institut za međunarodnu politiku i privredu (Institute of International Politics and Economics), BelgradeGoogle Scholar
  14. Jelisavac Trošić S (2016) The development of a knowledge society in Serbia and its place in the Danube region. In: Dimitrijević D, Radaković M (eds) European Union’s strategy for the Danube region in the 21st century. International scientific forum “Danube – river of cooperation”. Institute of International Politics and Economics, Belgrade, pp 277–288Google Scholar
  15. Kostadinović I, Kostić I, Ilić I (2015) Competitiveness and developmental trends of the new industrial policy of the Republic of Serbia. Facta Univ Ser Econ Org 12(2):129–142Google Scholar
  16. Leković V, Mićić V (2013) Needs, effectiveness and limitations of the industrial policy of Serbia. Industrija 41(1):5–30CrossRefGoogle Scholar
  17. Milivojević R (1996) Multilateralni pregovori Urugvajske runde i formiranje Svetske trgovinske organizacije – STO (The Uruguay round multilateral negotiations and the formation of the World Trade Organization – WTO). In: Popović T (ed) Jugoslavija i Svetska trgovinska organizacija (Yugoslavia and the World Trade Organization). Institut ekonomskih nauka, Belgrade, pp 34–47Google Scholar
  18. Ministry of Foreign Affairs of Serbia (2012) Chronology of relations between the Republic of Serbia and the European Union. Accessed 30 May 2016
  19. National Bank of Serbia (2016) Key macroeconomic indicators. Accessed 17 Feb 2016
  20. Radovanović B, Kočović M (2013) Industrial policy for economic development: the perspectives for Serbia. In: Stošić I, Redžepagić S, Hanić H et al (eds) Economic sciences on the crossroad. International scientific conference on the occasion of the 55th anniversary of the IES, Institute of Economic Sciences, Belgrade, pp 216–226, 4 Dec 2013Google Scholar
  21. Roaf J, Atoyan R, Joshi B et al (2014) 25 Years of transition: post-communist Europe and the IMF. Regional economic issues special report. International Monetary Fund, Washington, DCGoogle Scholar
  22. Savić Lj, Bošković G, Mićić V (2012) Orientation of the Serbian industry to innovation and quality competitiveness. Facta Universitatis Series: Economics and Organization 9(1):27–38, BelgradeGoogle Scholar
  23. Statistical Office of the Republic of Serbia (2015) Statistical yearbook of the Republic of Serbia 2015, BelgradeGoogle Scholar
  24. Statistical Office of the Republic of Serbia (2007) Database Accessed 15 June 2008Google Scholar
  25. Statistical Office of the Republic of Serbia (2016) Baza podataka (Database) Accessed 12 May 2016
  26. Swedish Presidency of the European Union (2009) Serbia applies for EU membership. Accessed 17 Feb 2016
  27. United Nations – Serbia, EU, World Bank Group (2014) Serbia floods 2014, BelgradeGoogle Scholar
  28. World Bank (1997) World development report 1997: the state in a changing world. Oxford University Press, New YorkCrossRefGoogle Scholar
  29. World Bank (2016) Serbia: overview. Accessed 11 Feb 2016
  30. World Trade Organization (2015) Accession to the World Trade Organization. Accessed 12 Feb 2015
  31. World Trade Organization (2016) Accessions: Serbia. Accessed 16 May 2016

Copyright information

© Springer Nature Singapore Pte Ltd. 2017

Authors and Affiliations

  1. 1.Department of International Law and EconomicsInstitute of International Politics and EconomicsBelgradeSerbia

Personalised recommendations