Achievements and Challenges for China Investments in Serbia

In the last two decades, in a time of transition and transformation of a planned economy into a free market economy, Serbia has almost lost its primary industry sector. In other words, the Serbian primary industry sector was largely “de-industrialized” although in the secondary and tertiary industry...

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Autor principal:	D. Duško
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2018
Materias:	china serbia the “new silk road” obor development strategy economy chinese investments Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/c766da37a7354eadb604e16f88937b56
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id	oai:doaj.org-article:c766da37a7354eadb604e16f88937b56
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spelling	oai:doaj.org-article:c766da37a7354eadb604e16f88937b562021-11-12T10:46:07ZAchievements and Challenges for China Investments in Serbia1726-11391816-859010.22394/1726-1139-2018-5-88-101https://doaj.org/article/c766da37a7354eadb604e16f88937b562018-07-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/843https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590In the last two decades, in a time of transition and transformation of a planned economy into a free market economy, Serbia has almost lost its primary industry sector. In other words, the Serbian primary industry sector was largely “de-industrialized” although in the secondary and tertiary industry sectors maintained a certain vitality and development potential. Starting from the political changes of the 2000, Serbia catches up with other countries in the region in the most important aspects of the transition process. In this sense, foreign direct investments have a significant impact on the Serbian economy, by improving economic structure and giving it new competitive qualities, increasing access to international markets, serving as a resource for improving the balance of payments and helping to accept modern technology, knowledge and management. It gives real hope that Serbia with the help of foreign capital will be able to re-industrialize their production and to restore and develop its industrial capacity. Serbia sees China as the most important foreign trade and financial partner in Asia and as a major partner in achieving its strategic economic objectives. Lack of financial resources needed for realization of the planned economic development goals, enables China to invest own financial resources on favourable terms using the Serbian market openness and good mutual relations permeated with mutual trust and benefits. For the proper understanding of Sino-Serbian relations, this study gives first short explanation of the Chinese strategy of the “New Silk Road”. Then, it includes analysis of the development of Serbian-Chinese political and economic relations (especially in the field of foreign investment). The final part of the study includes evaluation of comparative advantages and certain disadvantages for the Chinese foreign investment in the Serbian economy, which in itself has certain significance for the realization of the “New Silk Road” strategy”.D. DuškoNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlechinaserbiathe “new silk road”obordevelopment strategyeconomychinese investmentsPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 6, Pp 88-101 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	china serbia the “new silk road” obor development strategy economy chinese investments Political institutions and public administration (General) JF20-2112
spellingShingle	china serbia the “new silk road” obor development strategy economy chinese investments Political institutions and public administration (General) JF20-2112 D. Duško Achievements and Challenges for China Investments in Serbia
description	In the last two decades, in a time of transition and transformation of a planned economy into a free market economy, Serbia has almost lost its primary industry sector. In other words, the Serbian primary industry sector was largely “de-industrialized” although in the secondary and tertiary industry sectors maintained a certain vitality and development potential. Starting from the political changes of the 2000, Serbia catches up with other countries in the region in the most important aspects of the transition process. In this sense, foreign direct investments have a significant impact on the Serbian economy, by improving economic structure and giving it new competitive qualities, increasing access to international markets, serving as a resource for improving the balance of payments and helping to accept modern technology, knowledge and management. It gives real hope that Serbia with the help of foreign capital will be able to re-industrialize their production and to restore and develop its industrial capacity. Serbia sees China as the most important foreign trade and financial partner in Asia and as a major partner in achieving its strategic economic objectives. Lack of financial resources needed for realization of the planned economic development goals, enables China to invest own financial resources on favourable terms using the Serbian market openness and good mutual relations permeated with mutual trust and benefits. For the proper understanding of Sino-Serbian relations, this study gives first short explanation of the Chinese strategy of the “New Silk Road”. Then, it includes analysis of the development of Serbian-Chinese political and economic relations (especially in the field of foreign investment). The final part of the study includes evaluation of comparative advantages and certain disadvantages for the Chinese foreign investment in the Serbian economy, which in itself has certain significance for the realization of the “New Silk Road” strategy”.
format	article
author	D. Duško
author_facet	D. Duško
author_sort	D. Duško
title	Achievements and Challenges for China Investments in Serbia
title_short	Achievements and Challenges for China Investments in Serbia
title_full	Achievements and Challenges for China Investments in Serbia
title_fullStr	Achievements and Challenges for China Investments in Serbia
title_full_unstemmed	Achievements and Challenges for China Investments in Serbia
title_sort	achievements and challenges for china investments in serbia
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2018
url	https://doaj.org/article/c766da37a7354eadb604e16f88937b56
work_keys_str_mv	AT ddusko achievementsandchallengesforchinainvestmentsinserbia
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Achievements and Challenges for China Investments in Serbia

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