Generalne promene u ekonomskom sistemu Severne Makedonije u toku tri decenije samostalnosti
General Changes in the Economic System of the Republic of North Macedonia during the Three Decades of its Independence

Author(s): Vančo Uzunov, Biljana Petrevska
Subject(s): History, Economic history, Transformation Period (1990 - 2010), Post-Communist Transformation
Published by: Институт друштвених наука
Keywords: transition; economic system; changes
Summary/Abstract: The main focus of the research in this paper are the general directions of reform that the economic system of the Republic of North Macedonia has taken in the last 30 years. Namely, the dissolution of the earlier system in the early 1990s, known as the socialist self-management market-economic system, initiated a search for new solutions. After the independence of 1991 and the constitution of what was then the Republic of Macedonia as an independent and sovereign state, the transition of the Macedonian political and economic system intensified. Basically, one could identify a couple of fundamental changes in organization and functioning of the economic system and economic policy, the implementation of which has indeed initiated the transition of the economic system of the Republic of North Macedonia. These included reform of legal and institutional framework, macroeconomic reforms, microeconomic reforms, as well as structural reforms (both in the so-called “real“ and in the financial sectors). All these changes that occurred in the last three decades have shaped the appearance of the current economic system of the Republic of North Macedonia. Additionally, the economic system of the Republic of North Macedonia has also been reformed through implementing the so-called “EU Acquis”. A stylised presentation of all those changes is the main subject and purpose of this paper.

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