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This project is analysing arguments for and against liberalization and free trade as the desirable trade regime in Montenegro. In addition it offers some policy recommendation in respect to liberalization and the opening of the Montenegrin economy. The paper showed that opening up the economy of Montenegro is a necessary condition for success; but it is not sufficient. Opening up provides the maximum amount of opportunities to domestic agents, who are then in the position to develop their working and entrepreneurial abilities, and benefit from interaction with the rest of the world.
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