TECHNOLOGICAL INDUSTRIAL DEVELOPMENT ZONE (DTIDZ) AND INTERNATIONAL BUSINESS HUB: MACEDONIAN EXPERIENCE

  • Riste Temjanovski
  • Tamara Jovanov Marjanova
  • Elenica Sofijanova
  • Ljupco Davcev

Abstract

Contemporain business experience indicated that nation’s governments have a crucial role to play in establishing macroeconomic stability and providing stable political, legal, sound macroeconomic policies, and social institutions. These prerequisites create the potential for improving national prosperity. Governments can play an important role in promoting productivity growth, through investing in infrastructure and skills, promoting macroeconomic stability, and providing appropriate microeconomic frameworks. Infrastructure investment increases the country’s capital stock and the efficiency with which private sector resources can be used. Public and private investment in education and training results in a workforce with a better mix of skills leading to potentially higher degree of productivity, higher competitiveness, lower unemployment and increased incomes and living standards. Public investigations that improve the quality and efficiency of infrastructure markets and educational outcomes will also drive higher productivity over the medium and long term. One of the measures to boosting economic development in RM, the Government of the Republic of Macedonia has established the institution of Technological Industrial Development Zone based on the Industrial Free Zone concept, to assist in providing the most efficient business climate in South-Eastern Europe. The Technological Industrial Development Zone is established with the aim of developing highly propulsive and modern technologies by introducing economically profitable production and efficient utilization of the resources by applying the highest environmental standards. With applying measures the Government expected boosting regional and local harmonization and attain higher degree of productivity, higher competitiveness, lower unemployment and increased incomes and quality of living standards.

Published
Dec 27, 2016
How to Cite
TEMJANOVSKI, Riste et al. TECHNOLOGICAL INDUSTRIAL DEVELOPMENT ZONE (DTIDZ) AND INTERNATIONAL BUSINESS HUB: MACEDONIAN EXPERIENCE. Journal of Economics, [S.l.], v. 1, n. 2, dec. 2016. ISSN 1857-9973. Available at: <http://js.ugd.edu.mk/index.php/JE/article/view/1600>. Date accessed: 23 sep. 2017.
Section
Economics (Microeconomics, Macroeconomics, International Economics)