Serbian local state-owned enterprises (SOEs) owed in excess of EUR 220mn in late 2015, with estimates reaching a much higher figure. According to the national Fiscal Council, underinvestment by local governments amounted to some EUR 250mn annually. This paper looks at insufficient commercial...

Global economic crisis has shown that only countries with high rate of innovation can preserve high levels of economic growth in an unsta- ble environment. Furthermore, it has been proven that nation's and the world's future economic growth will stem from industries that rely on knowledge, new...

Serbian local state-owned enterprises (SOEs) owed in excess of EUR 220mn in late 2015, with estimates reaching a much higher figure. According to the national Fiscal Council, underinvestment by local governments amounted to some EUR 250mn annually. This paper looks at insufficient commercial...

chapter 1 Introduction -- chapter 2 Initial conditions: Yugoslavia and Albania -- chapter 3 The early reformers: Croatia, Macedonia and Albania -- chapter 4 The late reformers: BiH, Serbia, Montenegro and Kosovo -- chapter 5 Privatization and foreign direct investment -- chapter 6...