Political and economic factors of late transition in Serbia

Abstract

The transition in Serbia is late, from the aspects of both its start and course. The initial conditionality, strategy, sequentially, prospects and results shape transition profile. Key factors of the late transition are grouped within a complex of political and economic factors, which are themselves ambivalent - their external and internal effects are evident. An institutional vacuum is especially limiting complex, with a significant influence on the political and economic aspects of the transition. An analysis of the two groups of intertwined factors serves as a basis for making a projection of future course and reform dynamics in Serbia. Different scenarios are present. An increase or decrease in the transition dynamics is conditioned by elimination of negative impacts of political and economic factors, i.e. by promotion of positive aspects of the solutions.