IDEAS home Printed from https://ideas.repec.org/h/pal/stuchp/978-1-137-29565-1_4.html
   My bibliography  Save this book chapter

Regional Policy and Decentralization in Montenegro

In: Decentralization and Local Development in South East Europe

Author

Listed:
  • Božidar Šišević

    (Economics from the Faculty of Economics in Podgorica)

Abstract

Although Montenegro enjoyed rapid economic growth in the period preceding the onset of the global economic crisis, the process of economic transformation that took place over the previous decade led to severe deindustrialization of the less developed North East region of the country. In this region, most of the local wood-processing factories closed down in the early 2000s, leading to the paradox of widespread unemployment and abandoned factories amid an area of abundant forest resources. International aid projects funded by the EU and bilateral donors have sought to revive the prospects of the region but with little success. The region benefitted little from the pre-crisis economic boom that took place from 2004 to 2008, which was mainly based on a large inflow of foreign direct investment (FDI) to the Coastal region. The North East region has failed to attract new foreign investment in green field development, and has remained underdeveloped with poor infrastructure and regional disparities within the country having widened.1

Suggested Citation

  • Božidar Šišević, 2013. "Regional Policy and Decentralization in Montenegro," Studies in Economic Transition, in: Will Bartlett & Sanja Maleković & Vassilis Monastiriotis (ed.), Decentralization and Local Development in South East Europe, chapter 4, pages 67-79, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-137-29565-1_4
    DOI: 10.1057/9781137295651_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:stuchp:978-1-137-29565-1_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.