The Impact of COVID-19 on Green and Digital Transformation in the Republic of Serbia

Stanković, Đurđica (2023) The Impact of COVID-19 on Green and Digital Transformation in the Republic of Serbia. In: Social, Economic and Political Construction of COVID-19: book of abstract. Institute of Social Sciences, Belgrade, p. 37. ISBN 978-86-7093-263-0

Text BOOKOF~1.PDF - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (219kB)

Abstract

The socio-political and economic crisis caused by the COVID-19 pan- demic has emphasized the need of finding innovative ways of doing business that will benefit society in the long term and contribute to the economy’s competitiveness. Community and business entities have been brought to the point where green and digital transformation is no longer an option but a necessity. The paper aims to analyze the successful recov- ery and parallel transition to a green and digital economy in Serbia. The basic premise of the article is that the transition to low-carbon develop- ment, which is based on solid micro, small and medium-sized enterprises, and ambitious reform programs, can contribute to the creation of an economic environment based on intelligent specialization and innova- tion, which will make the country more resistant to future crises. The consequences of the crisis are profound and have reached every sphere of society and economy. The research will identify long-term recovery and development corridors through decarbonization and green transi- tion. Investing in digital technologies is an imperative of today, because more than a half of the companies have been missing the opportunities that digital business provides. Using circular business models and bring- ing production closer to consumption will reduce import dependence. In this way, the country’s economy will be protected from earthquakes at the global level. The pandemic has shown the risks associated with traditional, linear supply chains: dependence on the People’s Republic of China proved particularly costly due to interruptions in the supply chain.

Actions (login required)

View Item