Suchergebnisse

"The authors analyses the economic position of the economic elite in Serbia from the end of socialism to the stabilisation of capitalism, with the aim of determining whether this social group experienced significant differences in their economic position during that period. The starting hypothesis is about the structural consolidation of the capitalist class and the strengthening of their privileged economic position during the stabilisation of the capitalist order. The analysis is based on surveys conducted on a subsample of the economic elites in Serbia taken from the years 1989, 2003, and 2012; as well as on a representative sample of the population of Serbia as it was in 2012. Indicators in the three basic dimensions - income, property, and consumption - and their composite index of economic position show that the economically powerful group significantly improved their economic position between 1989 and 2012." (author's abstract)

Serbia has undergone a significant transformation, going from post-conflict devastation to being a legitimate aspirant to EU accession status. An IMF-supported program helped the country navigate the global financial crisis, and recovery is in train. Economic institutions have improved, in particular with the establishment of the fiscal responsibility law, the adoption of inflation targeting, and strengthening of banking supervision and regulation. But despite these successes, substantial vulnerabilities and a large structural reform agenda have to be taken up to continue progress