Institutional barriers to market entry of the Republic of Serbia and potential competition

Abstract

The subject of the paper is to study the characteristics of the market environment in the Republic of Serbia with an analysis of the crucial legal issues with the impact on potential competitors and the development of the economic system of the country. Special emphasis is placed on the research of institutional barriers entering the market of the Republic of Serbia, emphasizing the importance of legal safety to attract new investors. The aim of the paper is to point out possible directions for improving the institutional framework of a market economy in the Republic of Serbia, bearing in mind the experiences of developed and developing countries. Using basic scientific research methods, the paper presents an overview of the current market situation in the Republic of Serbia, with reference to modern economic trends of globalization and transition, the gradual development of the economic system of the Republic of Serbia, as well as the importance of a stable legal system for the further development of a competitive market environment.

Keywords

• market entry barriers
• legal barriers
• the legal system
• regulatory framework
• potential competition