In the Transition and Restructuring section, we published two articles. A duo of authors, V. Milovanović and S. Janošević, analyzed quality management as a tool for value creation. Until recently researchers have concentrated on operational and tactical aspects of the analyzed problem. The specificity of this empirical study is its focus on the strategic perspective. The authors confirmed that in this field questions matter more than answers. In the second article from this section, a trio of authors led by V. Lukić used factor analysis followed by regression analysis to explore mobile banking in the segment of young adults.

The Finance and Investment section also comprises two articles. In her paper, M. Pantelić presents an empirical test of implementation of fair value accounting in Serbia. The analysis was structured according to the size of companies pursuant to the Law on Accounting (large, medium-sized and small). B. Čegar’s research topic was the comparative analysis of legal settings for interim financial reporting in case of Southeast Europe. The comparison between IAS 34 and US ASC 270 is particularly important.

In the Marketing section, a trio of authors led by K. Radosavljević discussed the role of marketing channels in the field of agri-food products. International benchmarking with empirical justification of key performance indicators was conducted with the help of the Minitab software. The last article in this issue written by S. Mašić et al. is dedicated to consumers’ proclivity towards posting online reviews in hospitality industry as one of the fastest growing industries in the global economy.

After successful implementation of the program of fiscal consolidation in the 2014-2017 period, what new policy challenges await Serbia? When thinking about growth, most macroeconomists probably perceive the problem of sustainability of fiscal balance. Besides sustainability of fiscal balance, the core challenge for microeconomists is implementation of the new model of economic growth. The leitmotif of this edition is related to the question: Is the global economy moving too fast for Serbia to keep up? Without adequate growth, structural inflation could easily return. Transition and restructuring are in the spotlight of this issue of Ekonomika preduzeća. The purpose is to promote a new way of thinking about economy in the era of the Fourth Industrial Revolution.

Acknowledging the shift in the theory, a duo of authors, D. Đuričin and I. Vuksanović Herceg, present the heterodox view. They argue that the new model of growth is moving beyond neoliberal framework with the aim of keeping the fiscal balance sustainable and implementing a new policy set, with industrial policies for tradable sectors in the center and automatic stabilizers for core macro policies in the background. The Chairman of the Fiscal Council P. Petrović, in collaboration with D. Brčerević and M. Gligorić, argues that the current output gap in Serbia is a combining effect of underperforming institutions, low investment and education gap. In his paper, M. Labus introduces statistical and analytical novelty into input-output analysis with the aim of calculating investment multipliers. The main conclusion is that in the last period FDI has not been directed towards sectors with the greatest investment multiplier. In the counterargument, D. Malinić states that infrastructure development, and particularly its model of financing, has a critical role to play in the new model of growth. This time, D. Vujović, the architect of fiscal consolidation, pointed out to two great challenges in the Fourth Industrial Revolution: the struggle to turn vast amounts of information into useful insights and the mounting fear that automation is going to wipe out current jobs.

As J. Tabaković, the Governor of NBS, explains, full-fledged inflation targeting has, as a key policy tool, impacted price and financial stability, particularly in the last five years. It is a prerequisite for the reduction of imbalances (both internal and external), as well as investment intensification (investment follows confidence). N. Savić and co-authors argue that, in time of digital disruption, business organizations need to constantly launch strategic initiatives so that they can exploit transient advantages before they disappear. J. Atanasijević and co-authors particularly stress the role of digitalization in tax reform. G. Pitić and co-authors explore the same territory in their article. S. Kisić and S. Petković have advocated the causes that are not obviously related with the fiscal stability mantra, but are crucially important for sustainable and inclusive growth. Entrepreneurial education in the digital era is in the spotlight of this article. M. Obradović and co-authors are in the antitrust territory, exploring the link between protection of public interest and protection of competition. G. Petković and co-authors stress the role of cultural tourism in the new model of growth as a valuable initiative correlating Roman emperors and the Danube wine route.

We hope that all articles will deepen the discussion about the growth model and economic policy platform in the context of the new normal and accelerate the government’s search for a better solution.