Research Paper: Business Development in Serbia Country

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[. . .] Pensions

With the adaptation of Euro that is by joining the European zone Serbia gained an advantage for the old age citizens as well. It was initially considered that the lower rate of the interest will impact the pensioners. Irrespective of the low interest rate the pensioners will be benefited in the following by initially the value of the pension funds of the primary and secondary shareholders will increase with a fall in the interest rate ratio. And secondly the pension fund once a part of the European zone will have a broader range of existence, in a way that the risk associated with these funds will be broadened across the euro zone and this will ultimately result in the creation of a larger than ever portfolio for the Serbian economy.

Strength of Euro

The fact needs to be acknowledged that euro is now one o the major hard currencies across the world. If the Serbian government holds this currency than the economy may become a loan free European entity and on the other hand the Serbian government can also borrow and lend money using euro and can generate high returns.

Influence of Europe

The real essences of being a European country can be actually cashed by the states once they become the formal member of the European Union, because the membership to the European zone in profitable in many rather all ways. Euro was not the chief currency for trading across the European Bloc when the European Union was incepted. With the accession on Serbia to the European Union it has adapted euro as the trading tools across the globe and chiefly across the bloc. This can yield direct and high profits for Serbia as the full member of the European Union.

European Superiority

With the dissolution of the gold standards across the world dollar was the only hard currency that came to power as a consequence of Breton Woods Agreement. Ever since the world crises and the crisis pertaining to the loans of the Less Developed Countries many countries begin to over value and devalue themselves to meet the international structure of monetary system. With respect to the same incident the Euro also developed to facilitate the European countries and over a period of time the currency has gained a significant worth over the domestic and weak currencies. Hen the most sophisticated aggregation of the European countries is headed under the superiority of European union and by getting the full membership of the EU Serbia has actually fasten the pace of its growth and global recognition as a strategic country.

Wide Area Works and Interest Rate Ease

Serbia as an individual European country was never in a position to exploit all the possible thresholds of profitability in business activities and economic developments, but with its formal accession as a full member of the European Union Serbia can now trade across the block on no tariff. With the ease of tariff Serbia may find itself in a profitable position in the times to come. Besides the ease to trade the Serbia can also avail the services of skilled labor of the bloc and attain economies of scale (Yigit, 2005).

The Observation

It has been expected from the membership of Serbia to the European Union. That this membership will yield Serbia huge profits and will reduce the risk of standalone of this landlocked country. To observe the consequences of European Union membership on Serbia we need to at least consider one fiscal cycle and economic cycle of the country and compare the new statistics with the older ones, in the course of this action. The above discussed factors are the assumption that will boost the aspects of trade and economic development in Serbia. The actual consequences of the Serbian economy and the affects of the European Union accession can only be discussed once the country completes at least the prescribed period of time to observe and deduct changes.

Data Selection and Analysis

The major concern at this point of time is to investigate the impact of Serbia accession to the European Union the data in focus is indeed the business activities.

The data from the following areas will be collected

The imports to export ratio

The number and quantity of skilled labor employed in the Serbian economy

The duration of economic expansion in the Serbian economy

The consequences and duration of recession in the Serbian economy

The fiscal and monetary policies adapted to adjust in the European Union

The fluctuations in the business cycle and degree of these fluctuations

Findings

The findings of the data selected will be compared first within the country than is the economic performance of Serbia before and after the accession will be compared. And secondly the findings will be deducted on the basis of the comparison of Serbian economy with the other economies existing within the European Union.

Conclusion

From the business analyst point-of-view there are many reasons that can be regarded as the basic factors that tilted in the Serbian economy and financial standing after it joined European Union on its full membership. Trade has been the mainstream of the European trading bloc and at large the only factor that tied up the knot among the European nations in the Paris treaty. For a country like Serbia that has just attained the membership of the European Union the euro membership will yield them many profitable earnings after this accession.

References

Bieber, F. 2003. The Serbian Opposition and Civil Society: Roots of the Delayed Transition in Serbia . International Journal of Politics, Culture, and Society, 73-90.

uki?, P. 2006. The organised world of labour in Serbia today:between economic reforms and populism. South-East Europe Review, 11 -- 30.

Dvorsky, S. 2004. Central Bank Independence in Southeastern Europe with a View to Future EU Accession. Central Bank Independence, 50-72.

Haughton, T. 2007. When Does the EU Make a Difference? Conditionality and the Accession Process in Central and Eastern Europe. Political Studies Review, 233 -- 246.

Nathalie. 2004. EU Intervention in Ethno-Political Conflicts: The Cases of Cyprus and Serbia-Montenegro. The Cases of Cyprus and Serbia-Montenegro, 551-573.

Pridham, G. 2006. European Union Accession Dynamics and Democratization in Central and Eastern Europe: Past and Future Perspectives. Government and Opposition, 373 -- 400.

Schimmelfennig, F. 2005. The Impact of EU on Accession Countries. The Europeanization of Central and Eastern Europe, 71-91.

Sedelmeier, U. 2005. The Transfer of EU Social Policy . The Europeanization of Central and Eastern Europe, 156-170.

Tulmets, E. 2005. The Management of New Forms of Governance by Former Accession Countries of the European Union. European Law Journal, 657 -- 674.

Yigit, T. 2005. Real and nominal stochastic convergence: Are the new EU members ready to join the Euro zone? . Journal of Comparative Economics, 387-400.

Appendices

The data will be collected from the country statistics

Adjusted savings: mineral depletion > % of GNI

0.02% of GNI

[63rd of 84]

Bus production [23rd of 28]

Bus production (per capita)

0.0215163 per 1,000 people [20th of 28]

Changes in inventories > constant LCU

-434

Changes in inventories > current LCU

-5

Changes in inventories > current U.S.$

-75,122,670 $

[98th of 138]

Changes in inventories > current U.S.$ (per $ GDP)

-2.866 $ per $1 million of GDP

[99th of 167]

Changes in inventories > current U.S.$ (per capita)

-9.316 $ per 1,000 people [96th of 167]

Chemicals > % of value added in manufacturing

10.85%

[16th of 91]

Heavy truck production [33rd of 36]

Heavy truck production (per capita)

0.0554068 per 1,000 people [29th of 36]

Light commercial vehicle production [41st of 42]

Light commercial vehicle production (per capita)

0.0801551 per 1,000 people [33rd of 42]

Machinery and transport equipment > % of value added in manufacturing

13.74%

[27th of 91]

Manufactures exports > % of merchandise exports

61.29%

[62nd of 156]

Manufacturing, value added > annual % growth

-10.21%

[145th of 156]

Manufacturing, value added > constant 2000 U.S.$

1,625,780,000 constant 2000 U.S.$

[69th of 155]

Manufacturing, value added > constant 2000 U.S.$ (per capita)

200.214 constant 2000 U.S.$ per c [79th of 155]

Manufacturing, value added > constant LCU

21875770000

Manufacturing, value added > current LCU

27926

Manufacturing, value added > current U.S.$

4,195,751,000 $

[41st of 167]

Manufacturing, value added > current U.S.$ (per $ GDP)

160.05 $ per $1,000 of GDP

[43rd of 180]

Manufacturing, value added > current U.S.$ (per capita)

520.29 $ per capita [33rd of 180]

Motor vehicle production

11,972

[33rd of 35]

Motor vehicle production (per capita)

1.10555 per 1,000 people [28th of 35]

Ores and metals exports > % of merchandise exports

10.9%

[20th of 154]

Ores and metals imports >… [END OF PREVIEW]

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"Business Development in Serbia Country."  Essaytown.com.  July 9, 2011.  Accessed April 19, 2019.
https://www.essaytown.com/subjects/paper/business-development-serbia-country/5455427.