Abstract

The Republic of Macedonia is a small, open economy, and its prosperity is closely tied to its achievements in foreign trade. During the past seven or eight years, Macedonia has experienced great changes, a fact that needs to be taken into consideration in any event to analyze foreign trade trends. Due to the changes of the legal and political status of the Republic of Macedonia, which, until 1991, was a constituent part of the former Yugoslavia, and the changes in the methodology for statistical processing of foreign trade data, it is necessary to break the period under consideration for the purposes of this paper into two subperiods. The first subperiod is up to 1990-91, and the second is from then up to 1995.

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