UTICAJ POSLOVNOG RIZIKA NA TRANZICIJSKE ZEMLJE
THE INFLUENCE OF BUSINESS RISK ON TRANSITION COUNTRIES

Summary/Abstract: Business risk plays a key role in the economies of transition countries, defined as those undergoing the process of transition from a centrally planned economy to a market economy. This process can be complex and marked by a number of challenges, including political instability, lack of legal certainty, market inefficiency, lack of transparency, corruption, high inflation, uncertainty of currency exchange rates, and other factors. The subject of research in this paper is the impact of business risk on transition countries, while the research problem is the analysis of how different business risk factors affect the economic, political and social aspects of these countries and how these impacts can be mitigated or minimized in order to encourage economic development and stability. The research methodology will include defining key business risk variables, data collection, data analysis using statistical methods, comparative analysis of different countries, case study analysis and synthesis of results to formulate conclusions and recommendations. Indications of the research results indicate the negative impact of high business risk on economic growth, investments and employment. Political stability, legal certainty and the fight against corruption are key to reducing risks and stimulating economic development. Comparisons between countries show variations in the level of risk, and improving institutions is key to successfully reducing business risk.

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