Important Questions Regarding Development Of Industry In Montenegro With Special Emphasis To Transportation Domain

Mladen Vukcevic

Montenegrin Journal of Economics, 2007, vol. 3, issue 6, 183-197

Abstract: The fact is that during last ten to fifteen years, Montenegro industry has suffered breakdown, that is, comedown and huge difficulties. Therefore, its comprehensive recovery needs huge financial means and employment of all available resources. Besides, economy of Montenegro needs to be restructured and Strategy of industrial development of Montenegro is to be brought. Orientation towards tourism development, traffic and agriculture won't be sufficient in the 21st century so as to ensure increased need for capital. The issue is about the need to shape investment cycle through investing into renewal-construction along with restructuring of present Montenegrin industry. It is therefore essential to prepare innovated structure of industrial development oriented on export, port-transporting services, connecting all branches of transportation by means of integral and multimodal transport, centers for transportation of goods and container terminals; opening of the port and industrial free zones and off shore centers , which would allow for realization of models of so called open economy and entrance into the developed world in the second decade of the 21st century. However, all that process should be scientifically based, so as to unite efforts and re-cent intentions on the levels of macro and micro development of local environments and growth of Montenegrin economy. That is why the author of this research paper suggests important substances of research, methodology and direction of development.

Date: 2007
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