Development Strategy of Republic of Serbia - Critical Analysis

Main subject of this paper is the analysis of existing development documents in Republic of Serbia. Missing of development strategy and other relevant development and planning documents causes suboptimal results in last years in Serbian economy. In spite the fact that results on GDP growth are positive, it is obvious that it is unsustainable term in long term, as there is permanent generating of two imbalances : internal, expressed in fiscal deficits, and external, expressed in large and growing balance of payment deficit and specially in current account deficit. Reforms that has been implemented in Serbia in last years are often unconsistent, even in some cases confronted each to other. Under such conditions, when we have "wild" market economy, without effective regulation of market mechanism, we adopted Development Strategy of Serbia till 2010. Critical analysis of this document and alternative solutions and scenarios of sustainable development in Serbia in following years are the key part of this paper.Urednici: Miodrag Vujošević, Milorad Filipovi