What Difficulties Has Serbia and Montenegro Faced in the Process of EU Accession and Economic Transition?

Abstract

South-East Europe, which is expected to join the EU in the future, has not passed the entrance examination of the EU yet due to various kinds of hurdles. This article examines the process of economic transition and EU accession of Serbia and Montenegro, which is one of the most lagging-behind runners in an EU accession race. It concludes that the standardised international assistance packages to Serbia and Montenegro are much less effective due to the complexity of its state structure and that a settlement of Kosovo Issue will be the far most important precondition for its successful transition.