Privatization in Serbia : strategic success or failure

Abstract

Privatization is an important economic concept which considerably gained on significance from the early 80's of the last century onwards; partly as economies of mainly developed counties were experiencing problems in the public sector, and also as political currents in mainly central and eastern Europe generally departed from socialist-styled system of centralized economy. Privatization in its simplest definition is, in point of fact, nothing more than actual sale (or occasionally free distribution) of factors of production of state and public owned enterprises. The objective behind it is the purpose of divesting the government from the economic function of control of the enterprise.