@article{Cocovic-Krstic:245831,
      recid = {245831},
      author = {Cocovic-Krstic, Mirjana},
      title = {STRENGTHENING THE ROLE OF THE MARKET AND FURTHER  DEVELOPMENT OF ACTIVE MACROECONOMIC POLICY},
      journal = {Economics of Agriculture},
      address = {2006},
      number = {297-2016-3833},
      year = {2006},
      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.},
      url = {http://ageconsearch.umn.edu/record/245831},
      doi = {https://doi.org/10.22004/ag.econ.245831},
}