In civilization, historical, cultural and geographical sense, Montenegro is an integral part of Europe, but not in economical (primarily in the field of competitiveness and backwardness of most economic indicators), infrastructural and institutional sense. 25-years of transition reforms have not given the expected results or propagated economic performances or positive institutional changes. Rightly is doubted in everyday rethorics of leading politicians, promising "quality of comprehensive internal reforms." These doubts are confirmed by the words of Montenegrin Prime Minister in his recent interview, which is frequently cited. Through the swot analysis, this paper presents real economic, infrastructural and institutional constraints for accession of Montenegro to the European Union, more or less similar to other candidate countries of Southeast Europe.It starts from the hypothesis that there is a vicious interdependence circle of economic, infrastructural and institutional constraints to accession of candidate countries of Southeast Europe.
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