'Economies of federal units of ex-Yugoslavia after independence' SENTENTIA. European Journal of Humanities and Social Sciences nbpublish.com
Eng During last 365 days Approved articles: 1880,   Articles in work: 383 Declined articles: 424 
Library

Stiblar, F.F. Economies of federal units of ex-Yugoslavia after independence

Published in journal "SENTENTIA. European Journal of Humanities and Social Sciences", 2013-1 in rubric "Law", pages 100-119.

Resume: In present article the authors aim is to find out how Post Yugoslav countries could accelerate the past insufficient economic growth in order to achieve a real conversion to advanced economies, which is required for their accession to the EU. GDP growth rate is used as the main indicator for economic growth, complemented by other indicators of economic and social development. At the time of collapse in 1991, former Yugoslavia was among less developed European countries with unsustainable economic and social differences among its federal units. In the last twenty years, the economic and social differences among Post Yugoslav countries increased even further, partly due to different impact of military activities and partly due different degree of approximation to the EU. Improvements in utilization of existing factor endowments and creation of new factor endowments could accelerate growth of Post Yugoslav countries by 2022 (by two thirds compared to 2005), but not enough to enable their true real convergence, a precondition for the EU membership. Despite changes in status (independence), economic system (transition to private market economies) and economic environment (global financial crisis), growth rates in Post Yugoslav countries in the last 40 years remain at 3.3% on average. The author deeply scrutinizes the development level and disparities of federal units on the eve of collapse of Ex-Yugoslavia in 1990; analyses development of Post Yugoslav countries after their independence until today; gives reasons for a prediction of economic growth of Post Yugoslav countries in next decade until 2022.

Keywords: Yugoslavia, economic, global financial crisis, banking sector, EU financial support, economic exposure, macro economic imbalances, insufficient, strategy, policy.

DOI: 10.7256/1339-3057.2013.1.9006

This article can be downloaded freely in PDF format for reading. Download article

Bibliography:
1. Blanchard, O. et al., ed.: In the Wake of the Crisis, MIT Press and IMF. Cambridge, 2012.
2. The EBRD Transition Report. London, 2011.
3. The EU Enlargement Progress Report, Brussels. November, 2011.
4. Gospodarska gibanja, EIPF, Ljubjana, different issues.
5. The IMF World Economic Outlook 2011, 2012 and Supplement 2012; Washington DC,
October 2011, October 2012 and January, 2012.
6. The LINK World Economic Assessment, UN and University of Toronto, Fall 2011.
7. The OECD Statistical data set.
8. Spence M. The Next Convergence: The Future of Economic Growth in a Multispeed
World, 2011, Picador. US, 2012.
9. Štiblar, F. The Balkan Conflict and Its Solutions, Manet, School of Law, University of
Ljubljana. Slovenia, 2007.
10. Štiblar, F. The Impact of Global Crisis on Montenegro and the Western Balkans, CBCG.
Podgorica, 2009.
11. Štiblar, F. Balkan Economies in Turmoil, TASAM Conference, Instanbul. April, 2012.
12. Štiblar, F. Economic Vision 2022 for Balkans, mimeograph. August, 2012.
13. The World Bank data set, 2011.

Correct link to this article:
just copy this link to clipboard