Privatisation Effects: Some Evidence from Serbia

This paper analyses basic outcome and effects of the privatisation process in Serbia. The first two parts of the paper deal with general achievements of the newest privatisation plan adopted in 2001. We present a brief background of the results of the privatisation process, analysing changes in the structure of enterprises by ownership status, the number of privatised firms, revenues earned through privatisation, the rate of successful transactions, and other relevant privatisation indicators. The paper continues with an analysis of a survey conducted within a sample of Serbian enterprises offering some evidence about performance, competition, and restructuring within different types of firms: socially owned, privatised, and new private. Contrary to the broadly accepted statement that new private firms are leading in transition economies, according to our estimation of the effects of the ownership type on firm performance, it appears that the privatised sector seems to be more active. A comparison of the survey results with findings for three neighbouring countries indicates that there is no general conclusion about the way how ownership status of a firm affects its performance in a transition economy. Although conclusions drawn from our survey analysis should be regarded as preliminary and limited by the quality of survey data and could not be generalised for the privatisation process in other transition countries, the findings we present, including the comparison made with other economies, could contribute to the understanding of both privatisation effects in general and effects remarkable for the Serbian economy.      

Understanding Transit Asylum Migration: Evidence from Serbia

Due to its geographic location and borders along the European Union (EU), in recent years, the Republic of Serbia has faced an increased number of irregular migrants from third‐world countries claiming asylum on their way into a western EU member state. Some of these migrants stay for a while in asylum centres in Serbia to rest or renew contacts. In order to explore the main socio‐demographic features of the study population, their migration history and intentions, a questionnaire‐based research was conducted in Banja Kovilja?a asylum centre. The results also give insights into the underlying question “how” and the role of social networks in migration. Most of asylum seekers are unmarried males at peak working age, from countries affected by war and political turmoil. The results indicate this is a transit migration where, besides fleeing to safety, economic status and migration networks have a significant impact on migration flows.     

Welfare State and Social Enterprise in Transition: Evidence from Serbia

This paper analyses welfare regime changes in Serbia and their impact on social enterprise development in the last two decades. We cover the period of significant transition-related reforms within the welfare state, with important implications on the position of these enterprises. Using data gathered from the qualitative field research, our study shows that there are two broad groups of factors that are important for development of the new generation of social enterprises, those that emerged in the last decade with an idea to foster entrepreneurial spirit and expanded into new domains other than those providing assistance to the marginalized groups. First, their decision to enter the social economy sector still depends on the environment created by the state. Secondly, their sustainability is affected by the factors typically found in any other enterprise of comparable scale like business skills, capacity to form networks and partner with relevant stakeholders.     

Privatisation in Developing Countries: Performance and Ownership Effects

Over the last twenty years, privatisation, defined as the transfer of public assets (firms) from the government to private investors, has been on the reform agenda of more than 120 developing countries. The switch of ownership induces major changes in the corporate governance of firms, and in their incentives to restructure and improve efficiency and performance. This article evaluates this experience, focusing on its impact on corporate performance and governance, identifying several issues yet to be resolved.     

Infrastructure Privatisation: Oversold,Misunderstood and Inappropriate

Infrastructure privatisation aimed to finance capital investment and improve efficiency, but the results have been disappointing because of the mismatch between privatisation theory and the characteristics of infrastructure and utility projects in developing countries. This article reviews the evidence and seeks to explain the results in terms of the high capital costs and low revenues that have necessitated public financing and risk‐sharing, diluting private incentives and requiring regulation. However, it argues that the emphasis on strengthening weak regulatory capacities in poor countries is misplaced, because these are the outcome of the development process, and are constrained by technical capacities, informational problems and the resources available. In this context, infrastructure privatisation is argued to be inappropriate for developing countries.     

Exchange Rate Policy in Serbia

In August 2006, Serbia adopted an inflation targeting regime as its monetary regime. The initial period of implementation of this regime was characterized by an extremely high capital inflow and appreciation of the exchange rate of the dinar. Under such conditions, the selected monetary policy regime functioned well. However, at the end of 2008, when the global financial crisis caused the outflow of foreign capital, deterioration of foreign borrowing conditions and an increase in inflationary expectations, the dinar lost about 25 per cent of its value within a relatively short period, despite the interventions of the National Bank of Serbia in the foreign exchange market. Therefore, the authors of this paper raise a dilemma whether Serbia conducts an adequate policy of the exchange rate of the dinar. The authors point out that, at the moment, the policy of a free floating exchange rate is not adequate for Serbia. As an alternative, a two nominal-anchor regime—inflation and the exchange rate—is proposed.     

Privatisation and economism: an investigation amongst 'producers' in two privatised public utilities in Britain

Both academic and political debate about the effects of privatisation upon employees in privatised companies has taken place in something of an empirical vacuum. In particular, there is a lack of systematic enquiries into the major privatised utilities. Despite the lack of evidence, a number of claims have been advanced, both about the impact of privatisation upon the political attitudes of employees, and about its effects on working conditions, worker motivation and behaviour. This paper presents the results of a survey of 442 employees in two privatised public utilities. It is divided into two parts, looking first at the more general social and political attitudes of these employees, then presenting their views on the impact of privatisation on the company they work for, and on their working lives. The findings reported here lend little support either to new right claims about privatisation's transformative powers or to the view that ‘for most people … privatisation will make very little difference at all’ (Saunders and Harris, 1990).     

Privatisation Results: Private Sector Participation in Water Services After 15 Years

Privatisation of public infrastructure has been the mantra of many development agencies since the late 1980s. Water supply is no exception, and various forms of private sector participation (PSP) have been tried in the water and sanitation sector. This article examines the results of these experiments. It suggests that PSP has had mixed results and that in several important respects the private sector seems to be no more efficient in delivering services than the public sector. Despite growing evidence of failures and increasing public pressure against it, privatisation in water and sanitation is still alive, however. Increasingly, it is being repackaged in new forms such as that of public‐private partnership.     

SWOT Analysis of Serbia and Montenegro’s Accession to the EU

The first generation of reforms in Serbia, especially in 2001–2002, was carried out “by the book” but the initial successful results blurred and concealed numerous problems that, especially in 2003, were becoming more evident and, finally, caused a delay in, and the blockade of, the further reform processes. It turned out that the political élite failed to reach a consensus on the second generation of reforms which, above all, refers to the rounding-off and functioning of the institutions of a market economy and the rule of law in full. After the October 2000 changes, relations between the FRY/SM and the European Union have altered dramatically. Joining the EU became strategic priority of our foreign policy, as well as reintegration of the SM in the international community. Nevertheless, these processes have their strengths and weaknesses, potential opportunities and threats, which are summarized in this paper.     

Roman emperors and identity constructions in modern Serbia

Drawing from the constructivist approach to heritage that defines it as a reflection of contemporary social circumstances, we attempt to outline the key agencies and processes shaping the reception of the Roman heritage in contemporary Serbia. Our case study points to the process of creation of the main narrative of Roman heritage in the country as Serbia – homeland of the Roman Emperors and to its role in the construction and promotion of social ideologies and identities. Analysis of the increasing popularisation of the legacy of the Roman past in public discourse presents considerable opportunities for questioning the social reality reflected by the reception of Roman heritage in Serbian context.     

Privatization and Foreign investments: The Case of Serbia and Montenegro

The paper analyzes the privatization process with the participation of foreign investments in countries in transition. Privatization is a necessity in transition countries as a prerequisite of the move to a market economy. Foreign investments are of great importance for the economies of the transition countries, not only to inject necessary capital but also to provide access to new technologies, new markets, and organizational and marketing expertise. For the successful initiation and implementation of these processes, some basic requirements are to be met; namely, to assure more adequate protection of property rights and upgrade legislation related to privatization and foreign investments.     

Perspectives of Youth in Care in Serbia

In the context of evaluating child protection reform in Serbia, we explored the concept of positive youth development as well as how they experienced and understood the experience of placement. We sought to understand how youth perceive their strengths, the role of the care system, their views on how life experiences affect their strengths and how they see their future. Our position is that the way in which children see their situation is equally valuable as any other point of view, and that their doubts, questions and views should be learned in the research process. We used the methodology of semi-structured in-depth interviews conducted with 16 young people in care aged 13–18 years. Results indicate their limited involvement in the process of making decisions related to their life and future. There is a strong need for meaningful involvement of children and young people in order to ensure their positive development.     

Refugees from Bosnia and Herzegovina in Serbia: A Study of Refugee Selectivity

This paper examines selectivity of refugees from Bosnia and Herzegovina in Serbia with respect to certain demographic and socio‐economic structures. Analyses indicated that the demographic and socio‐economic characteristics of these refugees are significantly more favourable than those of other refugees in Serbia and those in the place of origin. The results show that refugees from Bosnia and Herzegovina who, because of war, have sought refuge in Serbia are positively selective compared to the population that moved shorter distances (i.e. within the borders of Bosnia and Herzegovina) for the same reason. Their educational level and participation in the Belgrade workforce, the main urban and functional centre and pole of demographic concentration, support the hypothesis that despite the forced nature of their migration, movement to Serbia as a destination rather than migration within Bosnia and Herzegovina was partly determined by economic factors in keeping with the structural characteristics of the refugees. The directions of recent refugee migrations from Bosnia and Herzegovina to Serbia have continued the historic trend of previous migrations on the territory of the former Yugoslavia. To be specific, the centres with the highest concentrations of recent refugees from Bosnia and Herzegovina are precisely those municipalities with the greatest number of persons who migrated from Bosnia and Herzegovina before 1991.     

The Family and Work in the Post-socialist Transition of Serbia: 1991–2006

For a long period of time, the family and the household have not been considered agents in the economic sphere. However, in contemporary theoretical and research practice we are witnessing a rehabilitation of this aspect of family activity. The importance of the broader social and economic impact of this activity of families and households is legitimated through the concepts of social capital and household strategies in the labor sphere. This paper presents the results of three successive representative empirical studies of households in Serbia between 1991 and 2006. The main goal of these studies was to observe the problems households and families are facing in the transition process. The specific profile of Serbia's transition path, determined by numerous societal disturbances, is emphasized. The relation between the work sphere and the family sphere is viewed through five forms of the working status and activities of household members. Research results show a remarkable proliferation of informal work activities, which enable the survival of households in the circumstances of high unemployment and low wages in the formal labor sector.     

Disabling governance: Privatisation of city markets and implications for vendors’ associations in Kampala, Uganda

Contemporary international models of governance prescribe the devolution of service provision to a range of non-state actors and the adoption of market-oriented policies. This paper explores the politics that have arisen from changes in the governance framework in Kampala, the capital of Uganda. The focus is on the privatisation of the management of city markets and on the relations between the multiple actors involved—private contractors, vendors’ associations, cooperatives and state actors. In particular, the paper looks into the implications of the privatisation process for vendors and their associations. It argues that, while the latter have sometimes adjusted to the changes by turning into cooperative societies or creating their own management firms, increasingly, however, private interests external to the markets are taking over the management functions, sidelining or even repressing, vendors’ associations. The general picture is one of weakening associations and endangered possibilities for broad-based organising and interest representation.     

Deconstructing a Tower of Babel: Privatisation, decentralisation and devolution as ideas in good currency in cultural policy

Privatisation, decentralisation and devolution are three ideas in good currency that have permeated the debate on cultural policy over the past fifteen years. They are typically used as if there were a broad consensus as to their meanings and implications, but, in fact, these three words stand in for a much more complicated set of views and understandings of appropriate directions to take in cultural policy. This article considers the various motivations for each of these interrelated ideas and demonstrates that a precise and nuanced knowledge of policy intent is critical to understanding their implications for policy. Whatever words are used to describe a particular place's cultural policy, if the intent of that policy is concealed, intentionally or unintentionally, in a vocabulary whose implications are neither clearly spelled out nor fully appreciated, it will be impossible to know exactly what is to be done and how it is to be judged.