Montenegrin Journal of Economics


Exports And Development Montenegro 2006-2012

Mitchell H. Kellman and Yochanan Shachmurove

2013, vol. 9, no. 3, p. 29-44


This paper analyses the patterns of Montenegrin specialization and trade since its independence in 2006. The paper answers the questions how Montenegrin trade patterns have changed since its newly acquired independence. How were these changes affected by, and in turn how did they affect the overall level of economic development in Montenegro? The global financial crisis had a significant negative impact on the Montenegrin economy, due to the ongoing credit crunch, a decline in the real estate sector, and a fall in aluminum exports. In 2012, real GDP growth slipped to 0.5%, reflecting the general downturn in most of Europe.


suggested citation:

Mitchell H. Kellman and Yochanan Shachmurove. "Exports And Development Montenegro 2006-2012." Montenegrin Journal of Economics. vol. 9, no. 3, 2013, p. 29-44

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