The book analyzes the twenty years of economic transition from socialism to capitalism in Serbia. It offers a comprehensive evaluation of the achievements and failures of the transition, and explains why its course has been more complex and unique than elsewhere in the former socialist world.
This book was first published in 1992. For decades Yugoslavia had been developing its own model of socialism based on workers' self-management resulting in many scholars viewing the Yugoslav economy differently from other socialist systems. However, Dr Uvalic here demonstrates its similarities with other socialist economies.
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