The Serbian Experience in Transition


Article at a glance

  • Important lessons have emerged from Serbia’s experience transitioning to democracy, including the need to capitalize on the window of opportunity and concentrate political energy to maintain momentum.
  • Steps in the economic transition include macroeconomic stabilization, price liberalization, foreign trade liberalization, and privatization.
  • Because the transition was only semi-successful, lessons can also be learned from Serbia’s failures in transition.
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