Tourism Development Montenegro – Crucial Challenge Within The Structural Changes In Economy

Year 2019, , 1 - 17, 31.07.2019

Silvana Djurasevic Slavica Adzic Ana Stranjančević

https://doi.org/10.5281/zenodo.3360303

Abstract

Implementation of structural changes in the
Montenegrin economy was to enable productivity growth in all economic sectors.
Previously realized structural changes with the aim of a more efficient market
economy in Montenegro were mainly based on changes in the neighbouring
countries. However, since each economy has its own particularity, the
implemented changes still have not ensured balance in the total economy,
competitiveness of the national economy and economic stability. This paper aims
to explore to which extent the state engaged in taking adequate measures to
improve investments in tourism and accompanying infrastructure enabling its
influence on structural changes in the total economy, its long-term sustainability,
and economic stability. Since tourism generates 20% of GDP and 18% of
employment, the role of the state is crucial when making rational solutions
from the aspect of total economic activities. Therefore, the competitive
advantage of Montenegro as a tourist destination can be increased if tourism
development is encouraged by systematic measures.

Keywords

tourism development, state measures, structural changes

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