Nikola Radiฤ – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Vlado Radiฤ – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Nenad Raviฤ – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Keywords:
Critical materials;
Uncertainty;
Development;
Environmental requirements
Abstract
The high demand for energy, food, and raw materials is putting an enormous strain on ecosystems around the planet. Therefore, the indusยญtrial strategies of many countries rely on the so-called green plan and tranยญsition toward climate neutrality. In this sense, the need for new materials greatly exceeds the existing possibilities and capacities. Critical materials are raw materials that have great economic importance and for which there is a probability of shortage. Since the world is facing more and more serious problems, whether it is an economic crisis, a pandemic, or war conflicts, the general character of the present and, one would say, future time, is uncerยญtain. Prediction of uncertainty is a task that decision-makers must keep in mind when deciding on the present and the future, not only of economies but of entire ecosystems and populations as a whole. The paper shows how critical materials affect development and growth, and the fulfillment of enยญvironmental requirements, using examples from various industries.
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LIMEN Conference
8th International Scientific-Business Conference – LIMEN 2022 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (EXE Budapest Center, Budapest, Hungary), December 1, 2022,
LIMEN Conference proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia
LIMEN Conference 2022 Conference proceedings: ISBN 978-86-80194-66-0, ISSN 2683-6149, DOI:ย https://doi.org/10.31410/LIMEN.2022
Creative Commons Nonย Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.ย
Suggested citation
Radiฤ, N., Radiฤ, V., & Raviฤ, N. (2022). Supplying Critical Materials in a Time of Uncertainty. In V. Bevanda (Ed.), International Scientific-Business Conference โ LIMEN 2022: Vol 8. Conference proceedingsย (pp. 315-322). Association of Economists and Managers of the Balkans.ย https://doi.org/10.31410/LIMEN.2022.315
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