Corruption and privatization / Korupcija i privatizacija

Abstract

Corruption is considered to be a universal phenomenon as it is present in all countries, in all systems, and all the countries endeavor to suppress it, with more or less success. Corruption as an universal occurrence in the world is a particularly actual problem in the post-conflict countries which are also in transition (Serbia, B&H…). Processes of transition, privatization and the very process of creation of a state on completely new foundations, have favored expansion of corruption on all the levels and in all the areas of social life.
Goal of this work was not to identify the negative or positive financial effects of privatization process or the necessity of social transition, but to point out to the shortcomings or misuses in the processes of privatization, either by the governmental bodies or by individuals, as well as to define the best privatization procedures and what should be done to reduce corruption in the privatization process.