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.

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

Business & Money

Uvalic, Milica

Accounting

Cambridge University Press

Economics

<p>The effects and impact of employee participation and employee ownership continue to be themes of enduring interest to social scientists from a range of disciplines. The analysis presented in this volume are representative of the best economics research being carried out in the study of labor and empirical studies. Several of the papers deal with the issue of privatization in transition economies, where a large number of newly privatized firms have effectively been transformed into employee owned enterprises. Other key themes covered in this volume are profit sharing in both East and West Europe, the issue of evolutionary transformation of cooperatives into conventional private firms, and the growing importance of the role of social cooperatives in the welfare state.</p>

Advances in the Economic Analysis of Participatory and Labor-managed Firms (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, 6)

Bartlett, Will

Emerald Publishing Limited

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