Investment and Property Rights in Yugoslavia: The Long Transition to a Market Economy (Cambridge Russian, Soviet and Post-Soviet Studies, Series Number 86)

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.

This book was written in 1992. For decades Yugoslavia had been developing its own model of socialism based on workers' self-management resulting in many scholars viewing the Yugoslav economy differently from other socialist systems. However, Dr Uvalic here demonstrates its similarities with other socialist economies.