Professor Gligorov: Bad Economic Situation In All The Balkan Countries

BELGRADE – Being a Researcher at the Vienna Institute for International Economic Studies (wiiw), Professor Vladimir Gligorov, assessed today that the Balkan countries led bad economic policies in the past 20 years and that among them there is almost no difference concerning disturbing indicators. “Before there were no difference in economic opportunities among the countries in the region, and now a bad situation has spread out to all economies which have similar characteristics”, Gligorov stated at the press conference.

He said that they primarily have an excessive reliance on foreign investments, high unemployment, low industrial production and, finally, distrust to their own currencies. “The Balkans generally has unsuccessful situation, where difficult social situation is in power, high unemployment for over a long period of time”, he thinks. Gligorov took Macedonia as an example, where unemployment rate exceeds 30% for over 20 years.

He stated that distrust in local currency and the Central Bank is present in all the countries which can be seen in citizens’ savings in euros, and the state borrowing, also foreign money. Presenting his book in the Media Centre “Neoclassicism in the Balkans and Other Essays”, Gligorov said that neoclassical approach in the regional economy reduced to the states trying to attract many foreign investments, which haven’t gone to production but to spending, so real estate and products have not find their way to the world markets.

On the other hand, Central European countries implemented well that recipe in attracting foreign money by investing it in product industrialization. Transition in Central European countries increased trade volume, open economy and export, which is not the case with the Balkans, whose countries, from the point of view of the market behaviour, stayed very closed, Gligorov thinks. “The Balkan states have bad economic policies and all were more or less unsuccessful in the past 10 to 20 years and the example of this is transition”, concluded the Vienna expert.

At the book promotion spoke H.E. Dr Johannes Eigner, Ambassador of the Republic of Austria in Serbia; Mr. Miroslav Prokopijević, President of the Free Market Centre.

Book Author: Vladimir Gligorov

vladimir gligorov 2

Vladimir Gligorov (Serbian and Macedonian Cyrillic: Владимир Глигоров) (born 1945) is a prominent economist and was a founder of the Democratic Party in Serbia in December 1989. He is the son of the first democratically elected President of the Republic of Macedonia, Kiro Gligorov.

Gligorov is Senior Researcher at the Vienna Institute for International Economic Studies (wiiw). He lectures at the University of Vienna and University of Graz. Previously he was associated inter alia with the Bureau of Applied Social Research, Columbia University, New York; The Center for the Study of Public Choice, George Mason University, Fairfax, Virginia; Uppsala University, Sweden. Publications of direct relevance for the current book are Why Do Countries Break Up? The Case of Yugoslavia, Acta Universitatis Upsaliensis, 1994, and Talog, Peščanik, 2010.

Photo TANJUG, Rade Prelić

Book Promotion (Serbian)

Book Promotion Serbian

Click on the image above to see book promotion invitation in Serbian.

Media Coverage

Promotion of a book

A new book written by the researcher at the Vienna Institute for International Economic Studies (WIIW), professor dr Vladimir Gligorov called Neoclassicismin the Balkans and Other Essays has been promoted at the Belgrade MediaCentre. Click on image above to view PDF with original media coverage.