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The paper has three chapters. In the first chapter w define the competitive position of the Serbian economy utilizing the Index of global competitiveness, in order to underline the areas where the positions of Serbia a re satisfied vs ones that need improvement. In the second chapter of the paper we analyze imperfections of present economic development policy of Serbia. In the third part of the paper we are presenting basic recommendation and guidelines for the future export-based economic development model that would improve the competitive advantages of Serbian economy.

New economic development model as an improving factor of Serbian economy's competitiveness