The Role of International Financial Organizations and Agencies in Privatization of State-owned Capital in Serbia in 2002 Cover Image
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Улога међународних финансијских организација и агенција у приватизацији друштвеног капитала у Србији 2002
The Role of International Financial Organizations and Agencies in Privatization of State-owned Capital in Serbia in 2002

Author(s): Marija Obradović
Subject(s): Economy
Published by: Nova srpska politička misao
Keywords: privatization; Serbia; international financial organizations; privatization advisors

Summary/Abstract: International financial organizations and government agencies of the powers of the world capitalism gave financial aid and support to the process of privatization of state-owned capital in Serbia, i.e. they helped “development of private sector”. Donations of international financial organizations and foreign government agencies financed participation of financial and legal advisors for privatization employed by the Privatization Agency. Since the Privatization Law does not define value assessment, i.e. the price of the capital of the subject of privatization in tender sale, the role of the consultant in privatization in Serbia is significant, because it entails making draft reports on structure and capital valuation, which is later adopted by the Privatization Agency. The research we carried out proves the initial hypothesis that the ongoing system of privatization, which started in 2002, had political instead of economic objectives. Privatization was thus a means to restore capitalism in Serbia instead of concentrating on its socio-economic development.

  • Issue Year: 17/2009
  • Issue No: 03+04
  • Page Range: 191-212
  • Page Count: 22
  • Language: Serbian