Abstract
The aim of this chapter is to review and critically assess the privatisation process and its outcomes in the Republic of Macedonia in order to provide the contextual background in which this process was implemented and highlight the main characteristics of the process. Following the generally successful experience of developed economies, privatisation also spread to the former socialist countries by the beginning of the 1990s. By that time, the Yugoslav leaders had already reached the conclusion that the decentralised socialist system in Yugoslavia had shown itself to be unsuccessful and inefficient and had proposed privatisation as one of the solutions for their enterprises’ problems. Being one of the six republics of former Yugoslavia, Macedonia started its privatisation process initially in 1989 with the Law on Social Capital. Thus, the ownership transformation of the socially owned companies has been characterised by two waves of privatisation, firstly under Yugoslav law and then under a new privatisation law after the independence of Macedonia (1991).
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Abazi-Alili, H. (2023). Privatisation in Macedonia and Communities in Transition. In: Hudson, R., Dodovski, I. (eds) Macedonia’s Long Transition. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-20773-0_5
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DOI: https://doi.org/10.1007/978-3-031-20773-0_5
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