Author(s):
1. Milan Tica, Mašinski fakultet Univerziteta u Banjoj Luci, Republic of Srpska, Bosnia and Herzegovina

Abstract:
Is there a successful state the progress of which is not based on ever more numerous and more sophisticated technical achievements? The endurance of Serbia and Republic of Srpska (B&H) is questionable if their decision-making systems are based on voluntarism, improvisation and if the most dynamic development sector is – creating of pretense. Sustainable development of Serbia and the Republic of Srpska is only possible if based on science. The sustainable development and progress of Serbia and Republic of Srpska is to be founded on knowledge and on realizing actual scientific achievements. Knowledge and scientific achievements should be the basis for developing new products capable of being competitive on the global market.

Key words:
: science, (re)industrialization, modernization, strategy, endurance, sustainable development

Date of abstract submission:
11.05.2015.

Conference:
12th International conference on accomplishments in Electrical and Mechanical Engineering and Information Technology (DEMI 2015)

Final paper