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Analysis of Serbian Production and Export of Medicinal and Aromatic Plants

Analysis of Serbian Production and Export of Medicinal and Aromatic Plants
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Author(s): Svetlana Ignjatijević (University of Business Academy in Novi Sad, Serbia) and Drago Cvijanović (University of Kragujevac, Serbia)
Copyright: 2022
Pages: 19
Source title: Research Anthology on Recent Advancements in Ethnopharmacology and Nutraceuticals
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3546-5.ch046

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Abstract

The emphasis of the research in this chapter was put on the analysis of production and export/import of MAP (Medical and aromatic plants) from Serbia. After reading this chapter, readers will find out that the production of MAP in a long time period has been steady, although has been present fluctuations per years. They will know that indigenous and cultivated MAPs are equally present on the market, and will notice that they are equally present in export as well, i.e. that there is no such register. They will be familiar with the positive effects of planned production and the significance of scientific and technological achievements implementation. Readers will be able to recognize the dynamics of changes in export and import of MAP. They will find out which products are the most significant in export and import and will notice the connection between the export structure of MAP sector and earned value - foreign exchange inflow. They will be able to understand the character of exchange, value of export/import and the comparative advantage of export. Readers will be especially familiar with experiences and recommendations of other authors on the development of MAP sector and directives of authors for deepening the research within this chapter. They will know the connection between a low foreign exchange inflow and types of products in export and will understand the need for new organization models and education of manufacturers.

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