The Causes, Features and Goals of Transition Process in Serbia

Branko Mihailovic, Zoran Simonovic and Drago Cvijanovic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2009, vol. 55, issue 3-4

Abstract: Socialism as economic and social model turned out to be unsustainable in a long term period, so by the end of 20th century socialism as a system was unable to remain alternative to a market oriented economic model. Many countries for those reasons entered the process of transition, which represents transformation of former socialistic economies into Market economies. In front of us is also an imperative of change of economic model and prevailing property relations. Transition represents transformation of national, economic and psychological structure of society. In the focus is private property which represents the symbol of individualism and efficiacy which implies that employees in our companies would have a motivation to work more efficiently and effectivly, for it is the system which motivates people who know to work and accept the risk.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:288891

DOI: 10.22004/ag.econ.288891

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