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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.
Here is a microeconomic model of joint ventures in Yugoslavia between multinational corporations and Yugoslav labor-managed enterprises. This book focuses on Yugoslavia's unique socio-economic system with its labor-managed enterprises playing host to direct foreign investment. The analysis turns toward multinational corporations as vehicles of direct foreign investment, then proceeds to an examination of Yugoslavian joint-venture agreements between these two partners of diverging interests.
The first part of this report analyses the development and performance of the Yugoslav economy, the trend of foreign investment and the effect thereof on the Yugoslav economy. In the second part the 1978 Act on Foreign Investment is presented with the changes compared to the previous treatment. The third part examines the consequences of the 1978 Act, after having analysed the underlying reasons for the new line of thrust. The annex gives excerpts from the 1978 Act, together with excerpts from the Constitution of 1974 and the Act on foreign investment in the banking sector.
Study of civil legislation in Yugoslavia - includes commentary and texts, and covers marital status and family law, private ownership property, land ownership and workers, self-management and foreign investment. References.
What are the consequences of Yugoslavia's existence – and breakup – for the present? This book reflects on this very question, identifying and analysing the political legacies left behind by Yugoslavia through the prism of continuities and ruptures between the past and present of the area. After the collapse of Yugoslavia, it's former states adopted a nation-building process which opted to eradicate the past as such an approach seemed more convenient for the new national projects. The new states adopted new institutions, new market-oriented economic paradigms and new national symbols. Yugoslavia existed for 70 years and to consider the current political situation in post-Yugoslav states such as Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, and Kosovo without taking into account the legacy and remnants of Yugoslavia is to discount a vital part of their political history. This volume takes a multi-disciplinary and multi-faceted approach to examining the legacy of Yugoslavia, covering politics, society, international relations and economics. Focusing on distinctive features of Yugoslavia including worker self-management, the combination of liberalism and communism and the Cold War policy of Non-Alignment, The Legacy of Yugoslavia places Yugoslavia in historical perspective and connects the region's past with its contemporary political situation.