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The moneywasting machine : five months inside Serbia's Ministry of Economy / Dušan Pavlović.

By: Contributor(s): Material type: TextTextLanguage: English Original language: Serbian Publication details: Budapest ; New York : Central European University Press, (c)2022.Description: 1 online resource (vii, 147 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9789633864265
  • 9633864267
Subject(s): Genre/Form: LOC classification:
  • JN9649 .M664 2022
Online resources: Available additional physical forms:
Contents:
Overview of the political economy of Serbia prior to 2012 -- Extractive institutions -- Party patronage -- The four economic policy strategies -- Inside the money-wasting machine -- Privatization -- The exit -- The resignation.
Subject: "For five months in 2013-2014 Dušan Pavlović took time off from teaching to accept a senior position in Serbia's Ministry of Economy. This short period was long enough for him to make a penetrating diagnosis of the economic activity of the post-communist government. He found that a coterie of tycoons and politicians live off the wealth of the majority of citizens and smaller entrepreneurs, while the economy performs below its capacities. In academic terms, extractive economic institutions create allocative inefficiency. Vivid, suggestive, and even entertaining accounts depict how privatization is administered and foreign investment projects are handled, and how party members, relatives, and friends are hired into public administration and state-owned companies. They show how the managers of firms that queue for state subsidies resist the systematic screening of their businesses. The principles of Keynesian economics are distorted and misused to conceal deliberate fiscal mismanagement. Huge ill-conceived development projects siphon taxpayers' money from "non-economic" activities like social services, health, education, science, and culture. What Pavlović found in Serbia is acutely symptomatic of many other European post-communist regimes of our time, lending his book singular importance"--
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Item type Current library Collection Call number URL Status Date due Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) G. Allen Fleece Library ONLINE Non-fiction JN9649.5.6 (Browse shelf(Opens below)) Link to resource Available on1304833634

Translation of: Mašina za rasipanje para : pet meseci u Ministarstvu privrede.

Includes bibliographies and index.

The rise of Aleksandar Vučić -- Overview of the political economy of Serbia prior to 2012 -- Extractive institutions -- Party patronage -- The four economic policy strategies -- Inside the money-wasting machine -- Privatization -- The exit -- The resignation.

"For five months in 2013-2014 Dušan Pavlović took time off from teaching to accept a senior position in Serbia's Ministry of Economy. This short period was long enough for him to make a penetrating diagnosis of the economic activity of the post-communist government. He found that a coterie of tycoons and politicians live off the wealth of the majority of citizens and smaller entrepreneurs, while the economy performs below its capacities. In academic terms, extractive economic institutions create allocative inefficiency. Vivid, suggestive, and even entertaining accounts depict how privatization is administered and foreign investment projects are handled, and how party members, relatives, and friends are hired into public administration and state-owned companies. They show how the managers of firms that queue for state subsidies resist the systematic screening of their businesses. The principles of Keynesian economics are distorted and misused to conceal deliberate fiscal mismanagement. Huge ill-conceived development projects siphon taxpayers' money from "non-economic" activities like social services, health, education, science, and culture. What Pavlović found in Serbia is acutely symptomatic of many other European post-communist regimes of our time, lending his book singular importance"--

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