Exports And Development Montenegro 2006-2012
This paper analyses the patterns of Montenegrin specialization and trade since its independence in 2006. The paper answers the questions how Montenegrin trade patterns have changed since its newly acquired independence. How were these changes affected by, and in turn how did they affect the overall level of economic development in Montenegro? The global financial crisis had a significant negative impact on the Montenegrin economy, due to the ongoing credit crunch, a decline in the real estate sector, and a fall in aluminum exports. In 2012, real GDP growth slipped to 0.5%, reflecting the general downturn in most of Europe.
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- Mitchell Kellman & Yochanan Shachmurove, 2011. "Diversification and Specialization Paradox in Developing Country Trade," Review of Development Economics, Wiley Blackwell, vol. 15(2), pages 212-222, 05.
- Goran Buturac & Ivan Teodorovic, 2012. "The Impacts of the Global Recession on Southeast European Countries," Eastern European Economics, M.E. Sharpe, Inc., vol. 50(1), pages 78-97, January.
- Irving B. Kravis & Robert E. Lipsey, 1971. "Price Competitiveness in World Trade," NBER Books, National Bureau of Economic Research, Inc, number krav71-1.
- Kellman, Mitchell & Shachmurove, Yochanan & Saadawi, Tarek, 1996. "Import vulnerability of defense-related industries: An empirical model," Journal of Policy Modeling, Elsevier, vol. 18(1), pages 87-107, February.
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