European University Institute Library

Investment and property rights in Yugoslavia, the long transition to a market economy, Milica Uvalić

eng

index present

non fiction

Investment and property rights in Yugoslavia

electronic resource

dictionaries

726826523

Milica Uvalić

Cambridge Russian, Soviet and post-Soviet studies, 86Cambridge Social Sciences eBooksPublished EUI PhD theses

the long transition to a market economy

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.--, Provided by publisher

Investment & Property Rights in Yugoslavia