EKONOMSKA KRIZA I KONVERGENCIJA REGIONALNIH DISPARITETA

Abstract

Overall regional disproportions in the Republic of Serbia are directly dependent on the degree of economic development of certain areas on its territory. Territorial inequality in the availability and quality of all factors of economic development, as an endogenous variable of certain regions, causes migration, i.e. human migration, as well as the allocation of every other form of capital to places of optimal use, deepening regional differences in economic development. The consequence of such developments on the regional development of the Republic of Serbia in the long term is divergence, that is, an increase in regional differences. In the short and medium term, more developed regions are in a far better position than less developed ones to take advantage of the opportunities generated by economic growth. However, in the conditions of the economic crisis, when developed national economies and regions "slow down", they feel the drop in demand faster and more strongly, and they fall back faster compared to less developed regions. This phenomenon is the main reason for the convergence of regional disparities. Key words: regional differences, the economic crisis, the level of economic development, convergence.