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| Greg... |
 Posted: Wed Oct 28, 2009 3:10 pm |
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Centre for Research on Globalization
October 28, 2009
Devastating "Free Market" Reforms Imposed on Serbia
by Gregory Elich
A dozen years ago, neoliberal political forces took power in Serbia,
promising a radical transformation of the economy. Today, deep into
that transformation, Serbia is foundering from its effects exacerbated
by the worldwide economic downturn. Industrial production has fallen
15 percent compared to the average of last year, while unemployment
remains high.
A delegation from the IMF is in Belgrade, negotiating over Serbia's
2010 national budget and how best to deal with the economic crisis.
The two sides are not far apart, in that both parties envision more of
the usual neoliberal prescriptions as the way out of an economic
crisis brought about in large part by those very same measures.
The probable outcome of the talks is the further enthrallment of
Serbia to Western dictate. Already the economy has been essentially
placed at the service of U.S. and Western European corporate
interests, and the centerpiece of that transformation is the
privatization drive.
Full article at:
http://globalresearch.ca/index.php?context=va&aid=15849 |
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