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For roughly three decades following World War II, Yugoslavia enjoyed economic success unparalleled in the communist world. Then came the 1980s. Economic success turned into economic failure, and before long Yugoslavia ceased to exist. This study addresses the question: Could the failure have been prevented? The work begins with a sketch of the historic and economic facts in the life of the country, turning then to theory and the relationship between economic theory and practice in Yugoslavia. It analyzes structure--that which prevailed at the time remedial action could have been taken--and...

The culmination of work begun in 1985 by the authors under the joint sponsorship of the Ekonomski Institut Zagreb and Florida State University, this book posits the most comprehensive and relevant model yet developed to explain the workings of Yugoslavia's economy. The authors have developed a model that is both theoretically oriented and empirically relevant--ensuring its appropriateness for recommending and evaluating alternative policy remedies for the acute problems of inflation, unemployment, and foreign trade now facing Yugoslavia, a country until recently noted for its economic...