Management analysis of the opportunities of managing the privatization process

Abstract

The transformation of ownership, often reminiscent of the earlier historical period of the original accumulation of capital, is an opportunity for the rapid enrichment of those who had a monopoly in former socialist societies. At the same time, the redistribution of national wealth encourages changes in the relationship of forces in the social structure of power, which makes privatization the scene of sharp conflicts of interest with controversial consequences for the entire society. Weak institutions of the rule of law cannot limit the aspirations of different interest groups to gain economic power, so privatization is an area of great economic risk. That is why the greatest attention of both the public and specialized non-governmental organizations in the EU candidate countries is devoted to monitoring the privatization process. The paper aims to point out the basic features of the privatization process in Serbia. In this regard, we have analyzed the cause and effect relationships of the economic phenomena associated with this process, that is, we have pointed out the fact that certain legal provisions also contribute to the spread of abuses in this area. The importance of transparency in the privatization process, as an important precondition for economic growth and democratic transformation, was particularly emphasized.