The Impact of Migrations on Macroeconomic Competitiveness of the Republic of Serbia
Keywords:
migration, “brain drain”, competitiveness, strategyAbstract
Migrations are present in all countries in the world, both developed and developing. It can, either positively or negatively, affect the economic development of a national economy, especially its competitiveness. Accordingly, a special attention should be paid to the qualification structure of population and the ability of a country to create, retain and attract greater number of highly qualified workers. Unfortunately, a negligible number of countries
persist in this very important goal that directly reflects in their low competitiveness. This paper will be exploring a low level of macroeconomic competitiveness of the Republic of Serbia, which is primarily determined by negative migration flows in the country and a permanent “brain drain”. In the paper, there will be perceived an absence of strategic planning and inappropriate economic policy as key factors of such negative trend. Finally, the paper will give a set of recommendations how to stop negative demographic trends, and improve competitiveness in the future
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