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New Countries and New Economies in the Balkans

Author

Listed:
  • Miroslava Filipovic

    (Associate professor, Educons University, S. Kamenica, Serbia.)

  • Sonja Buncic

    (Associate professor, University of Novi Sad, Serbia.)

Abstract

The newly created economies in the former Yugoslav space advance on the transition road with more or less success. Each of the former Yugoslav republics has implemented its own transition policy, encountering different economic, political and social opportunities, as well as constraints. From another aspect, certain important similarities are also evident. This paper aims to present divergent economic and transition policies implemented in the Yugoslav space, and different outcomes in building the new economies. Particular attention is paid to comparative analysis of the privatization process carried out in all of them. Finally, the paper analyzes the progress achieved in building market economy structures in the new states. The analysis supports conclusions that, regardless of the speed of liberalization and privatization, different transition outcomes may have been influenced in the short run by the initial conditions, but in the long run the most important factors have been macroeconomic policy and institutional and regulatory reforms.

Suggested Citation

  • Miroslava Filipovic & Sonja Buncic, 2013. "New Countries and New Economies in the Balkans," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(3, Cierre), pages 281-315.
    • Handle: RePEc:emc:ecomex:v:22:y:2013:i:3:p:281-315
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    More about this item

    Keywords

    transition; Yugoslavia; macroeconomic policy; reforms; regulation.;
    All these keywords.

    JEL classification:

    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • K29 - Law and Economics - - Regulation and Business Law - - - Other
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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