Sustainable development and demographic challenges in rural areas of the Republic of Serbia

Radosavljević, Katica and Kočović De Santo, Milica (2024) Sustainable development and demographic challenges in rural areas of the Republic of Serbia. In: Proceedings of the XII Conference EKONBIZ 2024, New Economic Reality: The Economic Consequences of Social and Demographic Transition. University of East Sarajevo, Faculty of Business Economics, Bijeljina, pp. 82-89. ISBN 978-99955-45-44-4

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Abstract

The aim of the paper is to show the elements of a strategic approach to the sustainable development of villages in the Republic of Serbia. The subject of the study is the consideration of demographic, social and natural factors that are important for the survival and development of rural areas in Serbia, focusing on the main challenges and possible directions of agroeconomically sustainable development. Extreme heat waves are occurring more frequent due to natural fluctuations in global temperature and careless human behavior. These undesirable climate changes have a direct negative impact on the environment. We build on previous key findings and focus on strategic considerations for sustainable rural and agricultural development in times of severe climate change. Our two main arguments are that agricultural insurance in Serbia should follow the standards and trends of economically developed countries in the market economy in order to mitigate the risks of climate change. A growing number of insurance companies, a more active role of the government and educating farmers about the many advantages that insurance offers, but also different forms of insurance products can have a strong positive impact on the agricultural sector. The second argument refers to non-market and heterodox approaches that draw on critical agricultural studies and critical development studies by looking for other post-growth economic frameworks for the future.

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