Transformations  in
Business & Economics

THE IMPACT OF NEOLIBERAL ECONOMIC POLICY ON ECONOMIC DEVELOPMENT IN THE COUNTRIES OF SOUTHEAST EUROPE
Milica Delibasic

ABSTRACT. The subject of this paper is to analyse the achieved economic development level perception in selected post-socialist countries of South-Eastern Europe (SEE). It aims to evaluate the level of the negative impact of neoliberal economic policy and its components on the economic development level in the observed countries. It starts with the hypothesis that neoliberal economic policy had many negative manifestations and consequences (economic, institutional, and social) in SEE countries, which have greatly turned it into quasi-neoliberal economic policy. For researching the perception of the impact of neoliberal macroeconomic policy key levers on economic development, the multiple linear regression method is used. In conclusion, the high impact level of neoliberal economic policy and all its elements on the low economic development level is noted .

KEYWORDS:  liberalism, neo-liberalism, macroeconomic policy, institutional monism, institutional pluralism.

JEL classification:  B31, P21, P31, P37.