SERBIAN ECONOMIC INTEGRATION IN EUROPE, CUSTOMS AND TRADE LIBERALIZATION

Abstract

Serbia will feel the adverse effects of 2010 oil price increase and low boom in the euro zone, the most important export region of Serbia. The influx of foreign direct investment might affect the economic growth in Serbia, since Serbian funding model development based on new borrowing is not financially viable. The issue of trade deficit is primarily a question of managing the volume of demand and its structure, reduce costs and risks of investment, rather than the degree of trade liberalization and exchange rate policy (which can only be a corrective factor)