Serbia: Continued quest for sustainable growth

The paper argues that Serbia must address a complex set of institutional, policy and behavioral challenges to enhance its readiness to respond to the likely pressures of the Fourth Industrial Revolution requiring profound social, industrial and organizational changes. These include rational and result-based allocation of resources aimed at improving key drivers of future production and economic growth, such as technology and innovation, human capital, institutional framework and sustainable resources. Behavioral changes are needed to shift from oversized input demands (for provision of ICT, education facilities, infrastructure, etc.) to achievement of better technology absorption, improved products and services, education achievements, elimination of corruption, the rule of law and resource sustainability.