Achieving Sustainable Development and Knowledge-Based Economy in Serbia

Abstract

Sustainable development and knowledge-based economy are the two concepts that are being conducted by the majority of countries in the world, including the EU member countries and the EU candidates. The aim of this paper is to analyse the progress in achieving sustainable development and knowledge-based economy in Serbia, a EU candidate country. A comparative analysis of conducting sustainable development and knowledge- based economy has been performed between Serbia and the EU(28). The focus is on economic aspects of these two concepts. The results differ. The goals that were initially set for achieving sustainable development and knowledge-based economy were either not reached or were hindered due to the global economic crisis and redirected towards solving more urgent economic issues. This is particularly noticeable in Serbia, which is carrying out economic reforms in order to achieve economic progress and meet the requirements for getting access to the EU.