Investment and Property Rights in Yugoslavia

Download or read book Investment and Property Rights in Yugoslavia written by Milica Uvalic and published by Cambridge University Press. This book was released on 2009-11-05 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Milica Uvalic examines the theoretical and empirical issues related to investment in Yugoslavia since 1965. She explores investment policies, sources of finance, macroeconomic performance, enterprise incentives and current property reforms in relation to Western theory on investment behavior in the labor-managed firm and Kornai's theory on socialist economies. In line with Kornai's theory, the author argues that the fundamental causes of problems in Yugoslavia are generic to socialist economic systems, rather than the specific characteristic of self-management.