Case Study Analysis Report.docx

The findings have shown that the proposed solution

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The findings have shown that the proposed solution and the implementation of business incubators has decreased unemployment, and increased gross domestic product since its initiation. Between 2006-2014, unemployment decreased by 7% and GDP increased by a total of 35%. Furthermore, out of 28 companies, only 2 have failed, with 10 graduates and 16 active members. Business Incubators provided the necessary tools, training, education and assistance for small businesses during their most vulnerable years. BBA280
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BBA280 Case Study Report Introduction - Sam Subotica is located in the north of Vojvodina, Serbia in South-Eastern Europe. The country has a Gross Domestic Product (GDP) per capita of $11,100. The country exports $14.61 billion, and imports $20.54 billion. The unemployment rate is 20.1%. Of available jobs; 59.6% are in the services industry, 23.9% in agriculture and 16.5% in industrial [His16]. The issues facing Subotica are first, high levels of unemployment, and second, very low level of economic sustainability, as indicated by; the differences in imports and exports as listed above, and as indicated by the high level of employment in the Services industry [Car13]. The purpose of this paper is to analyse these issues, along with the proposed solutions by the Vojvodina government, and to compare these with alternative solutions gathered from research papers. Finally, the paper will conclude on the best solution based on the analysis. Body In terms of alternative solutions, Cardenas-Garcia and Pulido-Fernandez (2017) propose tourism as a tool for economic development. This is due to the increase in national income from tourism- related activities, creation of jobs, and the generation of foreign exchange, which should boost the GDP [Car17]. However, they also found a total of twenty-nine factors which will impact the effectiveness, and are grouped into the following categories; Geographic features and infrastructure provision, population characteristics, foreign exchange generation and collection capacity, investment climate, and environmental dimension of sustainability [Car17]. They conclude that policy makers need to carefully plan policy changes to enable tourism to positively impact economic development [Car17]. Given that many of these proposed changes will require the dedication vast amounts of financial and other resources, this will not be the optimal solution for Subotica. Second, Caddy and Mortimer (2012) analyse two solutions that were proposed by the Australian government regarding unemployment. These solutions are pursuing economic growth to provide new jobs, and to implement training programs to make the population more employable [Cad12]. They investigated the effectiveness of these solutions by analysing data from the Australian Bureau of Statistics, and found that first, pursuing economic growth had no data to support that it resulted in more jobs, and instead, resulted in an increase in the population, which may further reduce the available jobs. Second, implementing training programs were shown to have some impact on
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