Perspectives on the Strengthening of the Serbian Export Competitiveness in the Post-Covid Period

Jovičić, Elena and Marjanović, Darko (2022) Perspectives on the Strengthening of the Serbian Export Competitiveness in the Post-Covid Period. In: XII International Symposium Engineering Management and Competitiveness (EMC 2022), 17-18th June 2022, Zrenjanin. Technical Faculty "Mihajlo Pupin", Zrenjanin, pp. 220-224. ISBN 978-86-7672-353-9

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Abstract

International trade plays a crucial role in fostering economic development, which is particularly important for
relatively small open economies like Serbia. Apart from faster growth, international trade enables countries to
improve productivity and provide higher income and more opportunities to domestic companies and citizens.
The Covid-19 pandemic had a tremendous negative impact on global trade development. World merchandise
trade recorded a decline of 7.4% in 2020, but it was recovering fast, achieving a pre-crisis level by the end of
2021. Serbian trade declined 3.4% in 2020, while it marked a strong recovery with a growth of 25.5%. Despite a
recovery and remarkable growth rates, a non-diversified export structure with a high presence of low valueadded products, a low level of participation in GVCs, absence of a strategic approach to export promotion
remain the main challenges Serbian trade faces. In order to enhance export competitiveness, it is necessary to
make attempts for export diversification by attracting investments in strategically important industries and
sectors. Furthermore, it is essential to develop an active and well-conceived export promotion policy based on
appropriate measures and tools to support the export activities.

Item Type:	Book Section
Additional Information:	COBISS.ID=69085449
Uncontrolled Keywords:	Serbia, trade, exports, competitiveness
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	08 Nov 2022 15:44
Last Modified:	08 Nov 2022 15:44
URI:	http://35.240.28.64/id/eprint/1827
Author Links:	[error in script] No links available.

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