REINDUSTRIALISATION AS THE BACKBONE OF THE NEW DEVELOPMENT PARADIGM IN TRANSITION COUNTRIES

Without denying the importance of the initial economic, political, geographical, historical and other circumstances of the individual countries at the time they entered the transition, there is ever more reason to believe that the reasons for their falling behind should be sought in their lack of un...

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Bibliographic Details
Main Authors: Lojpur, Andjelko S, Lalevic-Filipovic, Ana
Format: Conference Proceeding
Language:English
Subjects:
21st century
Climate change
Deindustrialization
Economic growth
Economic policy
Entrepreneurship
GDP
Gross Domestic Product
Industrial policy
Manufacturing
Market economies
Reforms
Social capital
Stock exchanges
Transition economies
Trends
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Summary:Without denying the importance of the initial economic, political, geographical, historical and other circumstances of the individual countries at the time they entered the transition, there is ever more reason to believe that the reasons for their falling behind should be sought in their lack of understanding and recognising that there has been a change in the development paradigm. At the same time, globally, the ever more intense competition threatens the survival of both the companies which are capable of transforming themselves to become innovative, productive and responsive to the pressures from the environment, and the whole national economies. Consequently, when it comes to finding a new formula for the development in transition countries, it is argued that the today's multi-polar world requires a new development paradigm, specifically designed to tackle problem of deindustrialisation amongst other things. In other words, overcoming the deadlock in the development of the countries in transition is possible only through a "new" framework, i.e. by accepting a "new" paradigm of the economic development and reactivating entrepreneurial economy. The paper seeks an answer to the question of whether it is possible and how to reverse the concept of development in the countries in transition towards a greater global equality in wealth, in the light of re-opening the issue of their re-industrialisation.
ISSN:1849-6903
1849-6903