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Investment and Property Rights in Yugoslavia on Hardback by Milica Uvalic
Investment and Property Rights in Yugoslavia on Hardback by Milica Uvalic
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Investment and Property Rights in Yugoslavia

The Long Transition to a Market Economy
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Description

For decades Yugoslavia has been developing its own model of socialism based on workers' self-management and the increasing use of the market mechanism. As a result, many scholars view the Yugoslav economy differently from other socialist systems. In this book, Dr Milica Uvalic demonstrates how some of the fundamental features of the Yugoslav economy have remained similar to those characterizing other socialist economies. Dr Uvalic focuses on theoretical and empirical issues related to investment in Yugoslavia since 1965. She examines investment policies, sources of finance, macroeconomic performance, enterprise incentives, and current property reforms in relation to Western theory on investment behaviour in the labour-managed firm and Kornai's theory on socialist economies. In line with Kornai's theory, the author argues that investment reforms have not led to substantially changed enterprise behaviour, which illustrates the limited results to be expected from partial reforms in a socialist economy. The fundamental problems in Yugoslavia are thus generic to socialist economic systems, rather that the specific characteristic of self-management.
Release date Australia
July 31st, 1992
Author
Audience
  • Professional & Vocational
Pages
276
Dimensions
152x229x19
ISBN-13
9780521401470
Product ID
1770000

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