Industrial policy is an important mean that enables governments to promote industrial development and accelerate economic growth. However, specific measures adopted by successful industrialized countries cannot be easily applied to other countries, not only because of the special socio-economic conditions of individual countries but also because th...

By Miloš Lutovac, Aleksandar Živković, Milena Lutovac Đaković

The financial crisis has adversely affected all the countries of the world in the conditions of globalization with different intensity, no matter if it is higher or lower level of development and different economic structures. In the context of globalization in the countries in transition, the banking system was reformed, thus creating a new financ...

By Milan Radaković, Miloš Dragosavac, Nenad Vunjak

The free flow of goods, services, people and capital, and the development of information and communication technology have all made local problems global. The 2007 financial crisis very quickly became global. The COVID-19 pandemic caused a worldwide health crisis, which quickly became an economic one, with threats of becoming a social one as well. ...

By Tanja Vujović, Dragana Milenković

The development of productive forces in the twentieth, and especially in the twenty-first century, takes place in the sign of the affirmation of knowledge, as a basic resource of the development of society and changes in its civilization that is taking on a new era in its evolutionary development. The importance of knowledge has grown thanks to cha...

By Aleksandar Živković, Miloš D. Lutovac

Slobodan protok roba, usluga, ljudi i kapitala, razvoj informacione i komunikacione tehnologije, učinili su da lokalni problemi postanu globalni. Finansijska kriza 2007. godine vrlo brzo je postala globalna. Pandemija kovida-19 izazvala je svetsku zdravstvenu krizu, koja je ubrzo prerasla u ekonomsku, uz pretnju da postane i društvena kriza....

By Tanja Vujović, Dragana Milenković

The governments of all countries of the world have faced up with the health crisis caused by the Covid 19 virus pandemic in the previous and current year. This crisis turned into an economic crisis, considering that it was necessary to provide huge financial resources to overcome it. Governments "pumped" additional amounts of money by supplying the...

By Jadranka Đurović Todorović, Milica Ristić Cakić, Marina Đorđević

The transformation of the economic system according to the standards of market developed countries and the implementation of long-term privatization have conditioned companies in the Republic of Srpska to find opportunities to preserve their financial stability in the newly created market environment. It is well known that turbulent markets have al...

By Suzana Stevanović, Vitomir Starčević

In this paper, we consider the relationship between the entrepreneurial state and the crisis (caused by economic and non-economic reasons and vice versa). Thus, it is about the interactive attitude of the entrepreneurial state in resolving the crisis and the impact of the crisis on the further development of new economic competencies and competenci...

By Vesna Petrović, Ivan Mirović

Tax analysis and forecasting of revenues are of paramount importance to ensure fiscal policy’s viability and sustainability. However, the measures taken to contain the spread of the recent pandemic pose an unprecedented challenge to established models and approaches. This paper proposes a model to forecast tax revenues in Bulgaria for the fis...

By Fabio Ashtar Telarico

The subject of the paper is assessment of the credit risk of small and medium-sized enterprises (SMEs) in the conditions of the COVID-19 crisis. The paper gives the overview of the theoretical and professional literature on the existing accounting standards related to the assessment of expected loss and banking regulations in terms of capital adequ...

By Miloš Pjanić, Stevan Luković, Mirela Mitrašević