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Abstract
In the process of transition and globalization, the creation of an efficient
system of economic activities has to be based on the market- oriented economy and
adequate measures of economic policy.
The strengthening and enlargement of the role of the market and economic
laws becomes a need all the more as the market is the best factor of valuation of all
values. However, economy cannot show optimal economic results if it rests only on
the market. It requires certain measures of macroeconomic policy in the field of
economic activities, employment, price stability, that is, inflation and problems
regarding foreign economy. The starting point for economic policy should be the
market and the market effects, in the sense that it corrects or removes its
randomness, adjusts the development and contributes to efficiency and rationality.
Therefore, the existence of certain lavel of complementarity between the market
and economic policy is very important for accomplishing development strategy,
that is for rational and successful economic activities
Of the same importance is the coordination and intergration of monetarycredit
and fiscal policy(.public revenue and tax policy). The instruments of
economic policy, monetary and fiscal policy, are two economic disciplines, only
two parts, two sub-systems of the inique financial policy. Joint activity of monetary
and fiscal policy becomes a necessity – the law of modern finances. What is
needed is that both policies are complementary and at the same time used with
other partial policies in order to accomplish stability in the broadest sense of the
word.
The strategy for successful economic reforms in our economy has to be
aimed at strengthening the competittion in tne market, at making more decisive
steps towards market reforms, privatization administration and judicial reform, and
all this in accordance with legal and administrative standards of the European
Union. In other words, our economy needs new investments, a clearly-stated
development strategy, more rapid growth of industrial development, new technologies and repositioning in the market in order to achieve a better position
compared to our competition and more dynamuc marketing in the foreign market.
The aim of all these activities is macroeconomic stability and joining the European
Union.