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The economic expansion in Montenegro is proceeding at full strength. The economy is overheating. Rapid credit growth is overstretching banks, and has contributed to ballooning asset prices. Eroding competitiveness is a concern. Management of the boom falls on fiscal policy. Tax cuts have been procyclical and potentially destabilizing. Fiscal risks need to be contained. The main focus of credit policy should be to strengthen banking sector supervision. Completing the transition to a market economy should be kept at the top of the policy agenda.
Montenegro was admitted to the UN as its 192nd member in June 2006, thus recovering the independence it had lost nearly ninety years earlier at the Versailles Peace Conference. This is the first full-length history of the country in English for a century, tracing the history of the tiny Balkan state from its earliest roots in the medieval empire of Zeta through its consistently ambiguous and frequently problematic relationship with its larger neighbour Serbia, the emergence of a priest/warrior ruler in the shape of the Vladika and its emergence from Ottoman suzerainty at the Congress of Berlin. In more recent history, the book focuses on Montenegro’s troubled twentieth century, its prominent role in the Balkan wars, its unique deletion from world maps as an independent state despite being on the winning side in the Great War, its ignominious role in the wars leading to the disintegration of Yugoslavia and its final reemergence as a member of the international community on the anniversary of the Battle of Kosovo in 2006. Since independence, Montenegro has grappled with the question of Euro-Atlantic integration, including membership of NATO (achieved) and the EU (applicant). Even as it has fought to define its identity, it has gone from being one of the poorest nations in the Western Balkans to having the highest per capita income of the region. It successfully navigated democratic transition in 2020.
In May 2006, following a closely and bitterly fought referendum, Montenegro finally regained the status of an independent nation that it had lost in 1918 - the most recent chapter in a highly turbulent history. The tiny Balkan republica??s declaration of independence from Serbia represented - barring the final resolution of Kosovoa??s status - the final stage in the disintegration of what was once Yugoslavia. But how did the Balkans forge this tiny republic? What sets it apart from the other dominant powers in the region? And what will be its future role on the worlda??s stage? 'Montenegro: A Modern History' charts the countrya??s contemporary history in accessible and comprehensive form. Kenneth Morrison explores the forces that have shaped the republic of Montenegro and questions where this will lead in the future, examining the fundamental issues of Montenegrin identity and statehood in a wider European as well as a Balkan context. This full and authoritative modern history is essential reading for everyone interested in the political and social dynamics of one of Europea??s youngest states.
This book provides the most comprehensive study to date of political and social developments in Montenegro from the processes that led to the disintegration of the Socialist Federal Republic of Yugoslavia to Montenegro's eventful trajectory towards independence and, later, towards Euro-Atlantic integration. Kenneth Morrison draws upon an extensive range of primary and secondary sources to illuminate the key developments in Montenegro during three decades characterised by political, social and economic flux. Beginning with the 'happening of the people' in 1988 and concluding with a detailed analysis of political developments in the first decade since Montenegro gained its independence, the author addresses the themes of nationalism, identity, statehood and the party political dynamics in both the Montenegrin and the wider Southeast European context.
The disintegration of Yugoslavia and the Soviet Union in 1991 shed entirely new light on the character of their political systems. There is now a need to re-examine many of the standard interpretations of Soviet and Yugoslav politics. This book is a comparative study of the disintegration of Yugoslavia and the Soviet Union - as multinational, federal communist states - and the reaction of European and US foreign policy to the parallel collapses of these nations. The authors describe the structural similarities in the destabilization of the two countries, providing great insight into the demise of both.
Why did Yugoslavia fall apart? Was its violent demise inevitable? Did its population simply fall victim to the lure of nationalism? How did this multinational state survive for so long, and where do we situate the short life of Yugoslavia in the long history of Europe in the twentieth century? A History of Yugoslavia provides a concise, accessible, comprehensive synthesis of the political, cultural, social, and economic life of Yugoslavia—from its nineteenth-century South Slavic origins to the bloody demise of the multinational state of Yugoslavia in the 1990s. Calic takes a fresh and innovative look at the colorful, multifaceted, and complex history of Yugoslavia, emphasizing major social, economic, and intellectual changes from the turn of the twentieth century and the transition to modern industrialized mass society. She traces the origins of ethnic, religious, and cultural divisions, applying the latest social science approaches, and drawing on the breadth of recent state-of-the-art literature, to present a balanced interpretation of events that takes into account the differing perceptions and interests of the actors involved. Uniquely, Calic frames the history of Yugoslavia for readers as an essentially open-ended process, undertaken from a variety of different regional perspectives with varied composite agenda. She shuns traditional, deterministic explanations that notorious Balkan hatreds or any other kind of exceptionalism are to blame for Yugoslavia’s demise, and along the way she highlights the agency of twentieth-century modern mass society in the politicization of differences. While analyzing nuanced political and social-economic processes, Calic describes the experiences and emotions of ordinary people in a vivid way. As a result, her groundbreaking work provides scholars and learned readers alike with an accessible, trenchant, and authoritative introduction to Yugoslavia's complex history.
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This step by step guide to explore Montenegro teaches: • How to get to Montenegro • Where the Eagle meets the mountain • What is Wild Beauty • Where is the sunniest city • Why is Budva the pearl of Mediterranean • How to explore the most beautiful fjord in Europe • Which city is Lonely Planet’s #1 destination • Where is Balkan Ibiza • Why is Cetinje a city-museum • Where is a Lake city of rock and blues • How to explore the modern capital • How to experience a mountain life • How to explore marvelous nature • Discover 5 National Parks • Where is Sea Dance Festival • Get to know the unseen nightlife • How to explore best beaches • How to Jeep safari in the mountain • How Tara rafting will make adrenalin rush • Where can you see fancy yachts • Where was James Bond Casino Royal filmed • Where to see real castles • How to explore churches, monasteries, and culture • What kind of cultural activities you can find • Why is Montenegro a hidden gem • What is typical Montenegrin food • How to explore the fortresses • Where to make a romantic escape • The ideal vacation for a family with kids • How to explore eco places and resorts • Where are the best hotels • How to travel on the budget • How to call a taxi • Where is your embassy • And lot more About The Expert Svetlana Kralj (MA) is a Professor of Language and Literature, a writer, and author. She has many years of teaching experience in Language and Literature, high-level writing skills and both of her creative and scientific works were published. Svetlana is a passionate music lover, which resulted with a lot of traveling around the World to be a part of music events. That way, she met a lot of different cultures, discovered new countries and made a lot of friendships. Wherever she traveled, she always returned to her country. Thus, she established her PR/Media/Marketing Agency which works with musicians, labels, and others from the Music Industry. But also, she has become an expert for her country, and everyone who intends to visit Montenegro will have useful advice. HowExpert publishes quick 'how to' guides on all topics from A to Z by everyday experts.