During the last twenty years Macedonian economy experienced numerous internal and external shocks from
economic and political nature. Current world economic crisis is the last shock. However, the economy always showed latent
power and possibilities of getting out of such shocks. It was a sign that it can generate higher and sustainable rates of
growth.
The experiences and lessons taken from the global economic crisis should serve as a basis for changing the current
model with a new one in order the economy of the country to catch a connection with the intense changes that are expected to
occur in the coming period. It is expected that creating new economic model in Republic of Macedonia will result in multiple
positive effects that primarily manifested in the increasing number of newly small and medium enterprises, domestic
investments, industrial production, GDP, number of new employees and total exports as well as in reduction of the trade deficit
in maintaining macroeconomic stability of the country.
The achievements of the Republic of Macedonia with the new development model will largely depend on the
realization of risks and threats to which it is or will be exposed in the short run and in the medium run, and in relation to the
developments in the global and especially in European economy in future, as well as the international political status of
Macedonia in relation to its membership in NATO and EU
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