economic strategies

Evaluating Serbia’s economic strategies and the role of technological progress

In recent years, Serbia's government has been aggressively investing in infrastructure to stimulate short-term economic growth, even at the expense of budget deficits. Since 2020, the budget deficit has reached 21.4% of GDP, while GDP growth has been only 15.3%. Such a strategy may produce temporary economic boosts, but investing money with negative returns is unsustainable. If a private company director were to adopt this approach, they would likely be dismissed. Ivan Ostojić, a leading expert in technology and innovation…