Economic aspects of the integration processes of the Republic of Serbia

Abstract

Exchange of goods and services is the most important domain of economic cooperation between the Republic of Serbia with the world and is crucial for faster growth of gross domestic product (and thus expected economic growth rates and faster social development and rising living standards) in the coming period. Due to this, paper analyses the degree of involvement of the Republic of Serbia in total world exports, its most important foreign trade partners, the degree of openness of the economy and the share of exports in gross domestic product, analyzing the period from 2008 to 2017. The aim of this paper is to study specific relations between the Republic of Serbia and its most important foreign trade partners and their interdependence with the integration processes through multilateral and bilateral cooperation with the European Union, Eurasian Economic Union, World Trade Organization and Central European Free Trade Agreement. Based on the updated statistical research and analysis of the content of the basic determinants of bilateral agreements, recommendations were given for the future development of integration processes within the European Union and the Eurasian Economic Union.

Application of Holistic marketing in the formulation of a business concept of agricultural producers from south Serbia

“…(Kotler, Keller, 2016) Environmental protection, food safety, the use of modern clean technologies in food production, socially responsible and ethical behavior, fair trade, are today used as powerful marketing tools to communicate with consumers and a significant factor in the competitiveness of agricultural producers. For consumers, issues of food safety, production conditions and environmental impact play a more significant role in purchasing decisions (van der Vorst et al, 2005; Perčić & Spasić ,2021; Simić et al, 2021). These trends lead retailers to use product quality traits in their marketing and competition strategies, and food producers are urged to place greater emphasis on product quality traits (Bijman, 2002;Lakićević et al, 2022).…”

Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development

“…713-731), Belgrade a political factor as a reflection of changes in power relations on the global geopolitical scene. For that reason, predicting the movement of oil prices is not a thankful task (Simić et al, 2021), because it is necessary in a certain way, using different models and methods, and based on the movement of crude oil prices in the past, to predict future price movements. Crude oil prices sometimes show sharp jumps and then sharp falls, which are the characteristics of major crises.…”

Potential of organic production from the perspective of youth in Serbia

“…Curić and Ceranić (2011) state that this type of production has significant opportunities for growth, but very important weaknesses and limitations have been noticed. Serbia has great potential for organic production, which is reflected in favorable climatic conditions, fertile and still slightly polluted land and other natural resources, as well as the proximity of a large and ever-growing organic food market in the EU (Cvijanović et al, 2013, Lakićević et al, 2021Simić et al, 2021). Berenji et al (2013) conclude that in developed EU countries, the market for organic products grows by an average of 10% annually, while this increase is not accompanied by growth in production, which provides a chance for Serbian products.…”