Tri decenije tranzicije u Crnoj Gori: ekonomski aspekti i periodizacija
Three Decades of Transition in Montenegro: Economic Aspects and Periodisation

Author(s): Gordana Đurović
Subject(s): Politics, Economic history, Transformation Period (1990 - 2010), Post-Communist Transformation, EU-Approach / EU-Accession / EU-Development, Corruption - Transparency - Anti-Corruption
Published by: Институт друштвених наука
Keywords: transition; periodization; Montenegro; economic indicators; EU accession
Summary/Abstract: Three decades of transition of the Montenegrin economy were marked by turbulent events throughout the entire post-Yugoslav area. The disintegration of the common state took place in the worst-case scenario of the civil war, which led to the international recognition of several new states (Slovenia, Croatia, FYR Macedonia, and Bosnia and Herzegovina). The entire first decade of the transition, centur i.e. the 1990s, has been developmentally recognized as a period of transitional recession, a strong economic downturn and the exclusion of the newly formed FR Yugoslavia (1992) from international economic relations. Unlike the countries of Central and Eastern Europe, the transition in the area of the Western Balkans did not develop into European integration in this period. The second phase of the transition, the phase of more serious economic, but also democratic, transitional reforms in Montenegro, included the period until May 2006, while the first years after regaining independence and the experience of the global economic and financial crisis can be called the third phase of the transitional changes in Montenegro. The fourth phase of the transition can be symbolically linked to the beginning of the accession negotiations with the EU (2012) where further reforms have been operated through the adoption of EU regulations and standards in almost all areas of life, and the transition has gradually turned into European integration, with changing dynamics of accession talks. This phase of transition, although fraught with strong challenges such as the postponement of a significant set of reforms and the growth of indebtedness, until the COVID-19 pandemic and the war in Ukraine, should end with the full-fledged membership of Montenegro in the European Union. This paper provides a concise overview of the transition in Montenegro that has lasted for more than three decades now, with a focus on the economic aspects and specifics of the mentioned development periods given through the analysis of the selected economic indicators.

• Details
• Contents