Both before and after the UN trade embargo (1992-1995), the foreign trade policy of FR Yugoslavia has been highly autarchic. Until the disingegraditon of SFRY this resulted in a significant underperformance of the foreign trade sector, while later this turned out to (almost) a complete halt in regular foreign trading. The key for boosting foreign trade lies in implementing institutional reforms and liberalization of foreign trade, even prior to the start of a credible mass privatization. This would be the only way to avoid creation of unproductive private monopolies and might present a way out of permanent recession of the Serbian economy.
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Paper provided by EconWPA in its series International Trade with number
0503006.
Length: 26 pages Date of creation: 14 Mar 2005 Date of revision: Handle: RePEc:wpa:wuwpit:0503006
Note: Type of Document - doc; pages: 26 Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: F1 - International Economics - - Trade F2 - International Economics - - International Factor Movements and International Business
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