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Abstract
Main precondition for a country to achieve economic growth is to be included in
integration processes. It is no longer question is it or is it not necessary to have
global/regional connections, but how to make existing relations more efficient, fair
and useful for all participants.
EU is an example how, in relatively short period, good environment for economic
growth and increase of democratic standards in new country members can be
created. Outspreading of EU tension between developed West and undeveloped
East Europe are diminished. EU gives good example for others in different areas.
Serbian economy during 1990’s was characterised by low investment, technicaltechnological
lag and stagnation of growth. Today’s GDP of Republic of Serbia is
65% of GDP from 1990. However, new EU members have already compensation
transitional falls and readjust their structure of economy to EU demands.
Decreasing and stagnation of GDP in Republic of Serbia on the beginning of
transitional process were stopped after 2000 and returned to stable and dynamic
trends of growth. However, Republic of Serbia needs to perform significant
changes in economic structure and to maintain on long term high growth rate,
reduce inflation and unemployment. That will contribute to further growth of
GDP per capita and bring Serbia closer to level of development of other EU
countries.