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The accelerated development of the global economy is leading to increasing consumption of natural resources. The exploitation of resources is moving at an accelerated pace, while their availability is decreasing. The biggest problem is the depletion of non-renewable and limited resources that are the carriers of the raw material base of energy and manufacturing industry, which calls into question the preservation of energy stability and efficiency at the global level. Uncontrolled industrial growth, accompanied by increasingly intensive depletion of non-renewable natural resources, especially fossil fuels, has caused enormous pollution of the environment and the entire planet. In the conditions of depletion of natural resources, negative climate changes accompanied by global warming and a serious threat to the survival of life, it is necessary to adopt and implement the concept of sustainable development. The concept of sustainable development explicitly aims to achieve optimal economic results, while preserving and improving the environment and the social component of development. Natural resources play an extremely important role in achieving economic growth and development. The aim of this paper is to point out the importance of renewable energy sources for achieving sustainable development. It is necessary to investigate the importance of renewable and non-renewable natural resources, as well as the factors that affect their exploitation, with the aim of successfully implementing the concept of sustainable development.

Abstract. Numerous empirical studies confirm that market size is one of the key determinants of foreign direct investment inflows, particularly market-oriented projects of foreign direct investment. Basically, the dominant view is that a larger market of the host country attracts a greater quantum of foreign direct investment. This paper examines the influence of market size, as well as the impact of market growth, trade openness, and population size on the foreign direct investment inflows into the six countries of the Western Balkans region in the period [2007][2008][2009][2010][2011][2012][2013][2014][2015]

Agriculture of the Republic of Serbia is a significant economic branch, due to the specifics of production, tradition and because of the enormous potential that it holds for improving competitive performance and development of the national economy. For this reason, in all strategic documents agriculture is recognised as a vital branch for the development of the national economy, which can be achieved by an increase in productivity and greater foreign exchange, especially with the neighbouring countries. Bearing in mind that agricultural food products represent a very important part of foreign trade of the Republic of Serbia with the countries of the Western Balkans, the goal of the research is to point out the comparative advantages of the Republic of Serbia in the exchange of agricultural and food products with the countries in the region, by applying the Balassa index. The realisation of the principal objective of the research was carried out using the methods of comparative advantage, historical method, trends method, methods of analysis and synthesis. The results of research show that the Republic of Serbia has distinct comparative advantages in relation to the countries in the Western Balkans, with the exception of the Republic of Croatia. The key contribution of this paper lies in providing a clearer insight into the comparative advantages of the Republic of Serbia in foreign trade with the countries in the region, as well as pointing out the priority directions of activities of competent authorities in order to intensify. the agricultural export, especially high quality and products at a higher level of processing.