Investment and Property Rights in Yugoslavia

The Long Transition to a Market Economy

By:

Milica Uvalic

Format:

Paperback / softback

Series:

Cambridge Russian, Soviet and Post-Soviet Studies

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Description

This book was first published in 1992. For decades Yugoslavia had 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 characterising 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

November 5th, 2009

Author

Milica Uvalic

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational

Illustrations

Worked examples or Exercises

Pages

276

Series

Cambridge Russian, Soviet and Post-Soviet Studies

Dimensions

152x229x16

ISBN-13

9780521122580

Product ID

3341355

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Investment and Property Rights in Yugoslavia

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