Prof. Milica Uvalić has been Professor of Economics at the University of Perugia, Italy, since 2002. Formerly she was a member of the UN Committee for Development Policy (2008-2012), a Public Policy Scholar at the Woodrow Wilson Centre in Washington DC (2009), Assistant Minister in the Federal government of the Federal Republic of Yugoslavia (2001), President of the European Association for Comparative Economic Studies and President of the Italian Association for Comparative Economic Systems. She holds a PhD in Economics from the European University Institute, Florence, Italy. Her research and teaching areas are in comparative economics with a focus on the Balkans, Central Eastern Europe and the European Union. Recent publications include: FDI into transition economies: Are the Balkans different? (2014 – with S. Estrin), The Economics of Transition, Vol. 22; The Social Consequences of the Global Economic Crisis in South East Europe (co-edited with W. Bartlett, 2013), London, LSE; “Why development patterns differ: the Czech and Serbian models compared” (with J. Svejnar) in M. Aoki (ed) (2012); Institutions and Patterns of Economic Development, (Palgrave, Macmillan); Serbia’s Transition – Towards a Better Future (2010, Palgrave Macmillan (Serbian translation, 2012)).