Stimulating development of Serbian industry

Abstract

One of the most important segments of the observation of the economic development is its structural aspect, both vertical (sectoral) and horizontal (regional). A typical vertical three-sector model considers three mega sectors - primary (dominated by agriculture), secondary (dominated by industry) and tertiary (dominated by various types of business and non-business services). One of the most important economic sectors certainly is industry as the dominant secondary sector, because the development of the primary is directly dependent on it, as well as the tertiary sector (both production- and income-dependent). For this reason, the industrial development should be approached strategically and its development be intelligently managed. In case of Serbia, such an active approach of the state is especially important, not only because of the global economic crisis, but also due to the transitional de-industrialization, which has already taken its toll in certain "critical" sectors. This is important not only because of the encouragement of industry sectors, but also because of its indirect impact on the tertiary sector, which cannot develop properly in Serbia without re-industrialization.