УНАПРЕЂЕЊЕ СВОЈИНСКИХ ОДНОСА КАО ПРЕТПОСТАВКА ЕФИКАСНЕ ТРЖИШНЕ ПРИВРЕДЕ
IMPROVING PROPERTY RELATIONS AS AN ASSUMPTION OF EFFICIENT MARKET ECONOMY

Summary/Abstract: In the end of 2000, Serbia has stepped into crucial social and economic reforms. The basis of these reform processes consisted of numerous system laws, the Law of property transformation being the key leverage of efficient market economy and long-term growth of living standard. Today, after six years of intensive privatization activities, the opinions about this percussive transition job are highly divided. Some economists and analysts consider it successful, while it seems a lot larger number of them derogates the privatization results. Empirical data enhances this division of opinions. Beside positive examples of privatization, the fact that many privatized companies not only did not live to see the announced market "reincarnation", but also many of them experienced even deeper crisis, hopelessness and agony, leaves a much stronger impression. Bearing this in mind, the aim of this paper is to analyze numerous practical problems of recently privatized companies in the light of theoretically-methodological dilemmas related to insufficiently arranged property relations, incomplete institutionalization and property rights specialization.

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