Investment Priorities

Ljubo Sirc

Chapter 3 in The Yugoslav Economy under Self-Management, 1979, pp 26-38 from Palgrave Macmillan

Abstract: Abstract The Yugoslav communists thought investment to be central to any economic system, and actually even exaggerated its importance (see p. 31). For this reason, the absence of any discussion of investment problems in Kidric’s Theses presumably meant that, in their view, there was no need for any investment reform at that stage. The set of new economic Acts in 1952 merely relaxed the previous far-reaching centralisation of investment in so far as it preserved State planning only for ‘basic investment’, while the rest was to be left to the initiative of enterprises and their associations (K 4–5/51). This change, however, made very little impression on the pattern of investment until 1956 (see p. 34).

Keywords: Interest Rate; Realistic Exchange Rate; Heavy Industry; Investment Fund; Fixed Capital (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04093-3_3

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DOI: 10.1007/978-1-349-04093-3_3

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