This study stems from a long association with Yugoslavia: two years at the World Bank and a further two and a half years with the International Investment Corporation for Yugoslavia S.A. in London when I was invol ved in the financing of joint ventures between Yugoslav and foreign enter prises - part of the subject matter of this study. I believe that anyone dealing with Yugoslavia has found it difficult to escape the spell of this fascinating country. There is its history, rich in struggles and achievements, its cultural heritage, the beauty of its land scapes and, last but not least, the...