Adjustment to the inevitable: Support for reform commitments

Abstract

Successful way of solving the inherited problems is not only a challenge for the current decision-makers, but also the main precondition for stable functioning and sustainable development of the Republic of Serbia. Serbia has no more time for further institutional experimentation. Failures of laissez-faire politics and misconceptions of its creators have resulted in widespread poverty, the loss of national identity, and the position of a distant fringe of Europe. Therefore the current leaders are expected not to repeat the errors of their predecessors. The paper aims to provide support for the creators of the launched reform processes in order to change the socio-economic environment of the Republic of Serbia and finally exit the difficult economic and social situation. Contemporary experiences unmistakably point to the antagonistic contradictions of globalized development through the imposed political and economic mechanisms of 'the world centers of power'. Thus the ruling establishment of the Republic of Serbia is facing further 'reform challenges'. There is no 'magic wand' to solve 'overnight' the inherited and extremely difficult and complex economic and social problems. This 'night' will last much longer.

Keywords

• reform processes
• institutional responsibility
• human factor
• macroeconomic and social policy
• sustainable development