The Economic Crisis in Yugoslavia

Ota Sik
Additional contact information
Ota Sik: University St Gallen

Economic and Industrial Democracy, 1986, vol. 7, issue 3, 361-369

Abstract: The Yugoslav economic system suffers under at least three avoidable systemic and political deficiencies. First, the plants' authority of income distribution leads to an inflationary development of incomes. Secondly, the lacking differentiation between wages and profits leads to unreasonable and demotivating differences between remunerations for same work. A system of profit participation different to basic wages would be necessary. Thirdly, the institutional basis for a reasonable macro economic policy is too weak, or rather, the influence of regional and republic authorities as well as of monopolistic plants is much too strong.

Date: 1986
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0143831X8673007 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ecoind:v:7:y:1986:i:3:p:361-369

DOI: 10.1177/0143831X8673007

Access Statistics for this article

More articles in Economic and Industrial Democracy from Department of Economic History, Uppsala University, Sweden
Bibliographic data for series maintained by SAGE Publications ().