Synopses & Reviews
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 simulates remedial scenarios. Finally, Gapinski draws conclusions from a comprehensive program of restructuring, from the regional composition of the country, and from the profound changes that have swept across Eastern Europe.
Review
The insights it provides into the mechanism of the Yugoslav macroeconomy are quite fascinating. They should provide inspiration for economic analysis dealing with the successor states to Yugoslavia. And this book can give welcome analytical underpinning to economic historians looking back at the economic failure of former Yugoslavia.Slvaic Review
Synopsis
This study analyzes the economic failure of Yugoslavia and if and how that failure could have been prevented.
About the Author
JAMES H. GAPINSKI is Professor of Economics at Florida State University.
Table of Contents
Preface
A Sketch of Facts
Theory and Practice
Quantity Relationships
Prices and Values
Domestic Counterfactual Scenarios
International Counterfactual Maneuvers
Conclusions from a Broader Perspective
Appendix A: The EIZFSU Mark 4.0: Selected Equations and Glossary
Appendix B: Comparing the Marks
Bibliography
Index