Chapter 6 Balkan latecomer: The case of Serbian privatization

Abstract

Two factors explain why the Serbian privatization experience deserves close attention from outside world. First, Serbia's starting conditions for privatization, with a historical tradition of workers’ management, strong trade unions, and an ambivalent initial attitude toward privatization, have as much in common with circumstances surrounding privatization in the developing countries as with those in the so-called economies in transition. Second, Serbia embarked on a resolute privatization path only in 2001, following more than 10 years of diverse privatization efforts in other post-socialist economies of the region. This makes Serbia a perfect case study of how a country can learn from the experience (both positive and negative) of other reformers.

Citation

Cvetkovic, M., Pankov, A. and Popovic, A. (2007), "Chapter 6 Balkan latecomer: The case of Serbian privatization", Lieberman, I.W. and Kopf, D.J. (Ed.) Privatization in Transition Economies: The Ongoing Story (Contemporary Studies in Economic and Financial Analysis, Vol. 90), Emerald Group Publishing Limited, Leeds, pp. 221-260. https://doi.org/10.1016/S1569-3759(07)00006-X