• Sofija Adžić University of Novi Sad, Faculty of Economics in Subotica


The paper analyzes the institutional framework and the implementation of the European concept of sustainable development within migration flows. The key research method is factor analysis which is applied to describe the functioning of institutional and market initiatives in the course of establishing a sustainable development regime that absorbs migration flows. The main obstacles in this regard were: poor construction of today’s market, the current public system of economic development regulation and low efficiency in absorption of migrant flows. Small countries will have to turn to macro- and microreforms and policies. The framework of sustainable development requires a new approach in the context of the Agenda 2030 will improve: (1) the socioeconomic climate for productive entrepreneurship and employment growth, (2) development of the innovation system under 3T, and (3) development of the economy overall.

Author Biography

Sofija Adžić, University of Novi Sad, Faculty of Economics in Subotica

Full professor, author of more than 1160 papers and research 



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How to Cite
Adžić, S. (2020). MIGRATION AND ECONOMICAL DEVELOPMENT OF SMALL COUNTRIES IN EUROPE. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (3(22), 43-57. https://doi.org/10.35678/2539-5645.3(22).2020.43-57