Neoliberal Austerity Policy and Extractive Institutions in Serbia Cover Image

Neoliberalna ekonomska politika i ekstraktivne institucije u Srbiji
Neoliberal Austerity Policy and Extractive Institutions in Serbia

Author(s): Dušan Pavlović
Subject(s): National Economy, Financial Markets
Published by: Fakultet političkih nauka Univerziteta u Beogradu
Keywords: extractive institutions; neoliberal economic policy; austerity policy; budget; party patronage

Summary/Abstract: is the increasing inefficiency of the public institutions a consequence of a neoliberal economic policy of austerity or of an extractive institutional de sign? i begin by discussing if neoliberal economic policy was pursued in the post-communist Europe and Serbia after 1990 and 2008, respectively. i look into extractive institutions that enable money wasting, thus showing that the argument from the austerity policy is weak. The Serbian government cut public expenditures, on the one hand, only to be able to continue with extraction, on the other hand.

  • Issue Year: 12/2018
  • Issue No: 19
  • Page Range: 123-143
  • Page Count: 21
  • Language: Serbian
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