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Vol 9, Issue 1, 2021
Pages: 397 - 404
Review paper
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INTERNACIONALNI UNIVERZITET TRAVNIK U TRAVNIKU
EKONOMSKI FAKULTET TRAVNIK U TRAVNIKU
PRAVNI FAKULTET TRAVNIK U TRAVNIKU
FAKULTET ZA MEDIJE I KOMUNIKACIJE TRAVNIK U TRAVNIKU

u saradnji sa

MIT UNIVERZITET SKOPLJE, SJEVERNA MAKEDONIJA
VEVU, VELEUČILIŠTE LAVOSLAV RUZIČKA U VUKOVARU, HRVATSKA
VELEUČILIŠTE VIMAL, SISAK, HRVATSKA
CKKPI, TRAVNIK, BOSNA I HERCEGOVINA

organizuju

31. MEĐUNARODNU KONFERENCIJU

EKONOMSKE, PRAVNE I MEDIJSKE INTEGRACIJE BOSNE I HERCEGOVINE I ZEMALJA ZAPADNOG
BALKANA KAO KLJUČNI POKRETAČ EUROPSKIH VRIJEDNOSTI

12. – 13. decembar 2025. godine

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Received: 04.12.2021. >> Accepted: 11.12.2021. >> Published: 17.12.2021. Review paper

THE IMPACT OF GLOBALIZATION AND LABOR DIVERSIFICATION ON THE ECONOMIC DEVELOPMENT OF THE REPUBLIC OF SERBIA

By
Branislav Sančanin ,
Branislav Sančanin

Faculty of Management, Sremski Karlovci, Union - Nikola Tesla University , Sremski Karlovci , Serbia

Sofija Sančanin
Sofija Sančanin

Hamad General Hospital, Doha, Qatar , Doha , Qatar

Abstract

At a time of growing global mobility and various demographic challenges, companies are forced to invest significantly more in human resources. Identifying, attracting, and retaining talent is a continuous activity without which an adequate development strategy is not possible. This paper, through an analysis of secondary sources, examines numerous political, economic, and social implications of long-term trends and points to the need to obtain answers about the future of the labor market. In particular, the paper considers key migration patterns, birth rate and the aging of the total and working population, which consequently leads to a decline in economic activities and social tension. The practice of human resources management is particularly burdened by the departure of young and educated people, representing an irreplaceable potential, to more developed countries. At the same time, due to economic insecurity and social uncertainty, the absolute and relative number of older people still actively working is increasing, which generates intergenerational conflict as older workers are considered to make it harder for younger generations to enter the labor market.

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