Ten Years of Privatization: Lessons for Yugoslavia
-
Aleksandra Jovanovic
Since the latest political changes, the FRY (the exposition is predominantly pertinent to the Republic of Serbia) faces a choice of a transition strategy and privatization model whithin it. After ten years of transition in East Europen countries, well established patterns in marked oriented reforms and subsequent results are observed and could serve as policy lessons for the FRY. Regarding the significant impact that initial conditions have on efforts and results of transition macroeconomic policy and structural reform implementation, the paper presents the prevailing institutional setting of the Yugoslav economy inherited from the communist regime. Also, the ten years of Yugoslav privatization experience is reported to have weak results due to the poor concept. Debates on privatization, as well on structural reforms and macroeconomic policy, have again become lively in the FRY.Depuis les derniers changements politiques, la République Fédérale de Yougoslavie (l’article aborde essentiellement la République de Serbie) fait face à un choix de stratégies de transition et de modèles de privatisation. Après dix années de transition dans les pays de l’Europe de l’Est, des schémas bien établis de réformes menant à l’économie de marché et les résultats qui en découlent sont observés et pourraient servir de leçon pour la République Fédérale de Yougoslavie sur le plan politique. Eu égard à l’impact significatif qu’ont les conditions initiales sur les efforts et les résultats de la politique macroéconomique de transition et d’instauration de la réforme structurelle, l’article souligne que l’environnement institutionnel de l’économie yougoslave est un héritage du régime communiste. Aussi, les dix années de privatisation en Yougoslavie ont donné lieu à des résultats peu significatifs, précisément à cause de l’héritage évoqué. Les débats autour de la privatisation, des réformes structurelles et de la politique macroéconomique sont à nouveau d’actualité en République Fédérale de Yougoslavie.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Articles in the same Issue
- Article
- Foreword
- After Socialism: Where Hope for Individual Liberty Lies
- Lessons for Emerging European Constitutionalism from the United States Constitution: Trigger Rules
- The Problem of an Autonomous Bureaucracy in Transition Economies: Lessons from the American Experience
- Was Transition about Free-Market Economics?
- Is the Welfare State A Model For Transition?
- Entry and Entrepreneurship: The Case of Post-Communist Russia
- Informal Institutions in a Transition Economy: Does Business Ethics Matter?
- International Opening. Privatisation and Economic Performance: The Case of Hungarian Telecom
- On Some Lessons from the Transition Process Regarding the Condition of Functioning of a Market Economy
- Why is Transition in Slovenia Often Considered a Success Story
- Ten Years of Privatization: Lessons for Yugoslavia
- Comparative Economic Performance in China and India
- Time and Money: The Macroeconomics of Capital Structure - Roger W. Garrison
- Points de Vue sur la Grande Depression du Xive Siecle: Guy Bois et David Herlihy
- Recent Publications
Articles in the same Issue
- Article
- Foreword
- After Socialism: Where Hope for Individual Liberty Lies
- Lessons for Emerging European Constitutionalism from the United States Constitution: Trigger Rules
- The Problem of an Autonomous Bureaucracy in Transition Economies: Lessons from the American Experience
- Was Transition about Free-Market Economics?
- Is the Welfare State A Model For Transition?
- Entry and Entrepreneurship: The Case of Post-Communist Russia
- Informal Institutions in a Transition Economy: Does Business Ethics Matter?
- International Opening. Privatisation and Economic Performance: The Case of Hungarian Telecom
- On Some Lessons from the Transition Process Regarding the Condition of Functioning of a Market Economy
- Why is Transition in Slovenia Often Considered a Success Story
- Ten Years of Privatization: Lessons for Yugoslavia
- Comparative Economic Performance in China and India
- Time and Money: The Macroeconomics of Capital Structure - Roger W. Garrison
- Points de Vue sur la Grande Depression du Xive Siecle: Guy Bois et David Herlihy
- Recent Publications
