Effects of privatization and restructuring on manufacturing industry: the evidence from Serbia

Stošić, Ivan and Domazet, Ivana and Hanić, Hasan (2013) Effects of privatization and restructuring on manufacturing industry: the evidence from Serbia. Metalurgia internaţional, XVIII (7). pp. 77-82. ISSN 1582-2214

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Abstract

The privatization and restructuring of state or socially owned enterprises is one of the key requirements for enhancing business performances of the transition economies. However, the effects of these processes have not always led to the desired results. The evidence from privatization and restructuring of Serbian manufacturing industry points out that, besides certain results, the most of anticipated outcomes have not been achieved. The studies conducted in this paper, provide that as a result of the methods used in performing privatization and restructuring processes in Serbia, neither has the new industry structure been established, nor has the significant progress in production and exports been achieved, thereto this was also followed by the increased unemployment rate in the country.

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