which is vitally interested in eliminating the consequences of recent conflicts on its borders, as well as the conflicts with secessionist and terrorist forces in Kosovo and Metohija during the 90's. The Republic of Serbia plans to adopt a national strategy and action plan on small arms and light weapons as soon as possible and improve its legislation in line with the assumed international obligations. 4.2. Economic Policy Economic stability is a main prerequisite for the achievement of the goals of national security policy of the Republic of Serbia. The priority of economic policy is sustainable development with a tendency of long-term expansive development and high rate of economic growth, as a significant measure of support to strengthen the economic stability of the state. Economic development of the Republic of Serbia is also significantly conditioned by external factors, which necessitates the need for continuous fulfillment of conditions related to the EU accession and integration processes and active participation in the international economy and regional arrangements. The objectives of economic policy are the development and achievement of economic stability of the state and creating conditions for foreign and domestic investments, as well as all other forms of development of international cooperation, including cooperation with the international financial institutions. Achieving the goals of economic policy creates the conditions for improving the living standard of citizens and reduction and elimination of all negative economic and social consequences of transition. Dynamic and continuous economic development and intensifying international economic cooperation reduce the likelihood of the emergence of risks and threats at national and international level. Economic development is provided by the continuous investment in infrastructure, industrial and agricultural production, development of high technology, and the intensive development of research resources, education and the creation of adequate working conditions for highly educated staff. In this way, important preconditions for economic development and competitiveness of the economy are provided, and dependence on imports and reduction of external debt reduced. By creating its own capacities 23