Chasing Its Own Tail for Seven Decades

LIMESplus

2

31

43

1820-0869

https://www.ceeol.com/search/article-detail?id=477265

2014-2021/10/18/12:11:10

Summary/Abstract: Question of balancing between the principle of fairness and the principle of efficiency is a key issue of any reform and this is where the state emerges as a key civilization instrument for ensuring nation’s progress. Unfortunately, Serbian society has made a strategic failure. Instead of building a state as a foundation for the creation of new national wealth, the state in our scenario has become a key instrument of class, regional, and inter-generational redistribution. There are very few countries like Serbia, where political elite for decades advocates designing of long-term development strategies and creates a large number of institutions for their implementation, and, at the same time, in the real-life, persistently conducts diametrically opposite policies of favouring short-term interests over long-term goals.

consumption, economic growth, investments, redistribution, Reform, savings, Serbia