In 1950 Yugoslavs began to evolve a new economic system based on decentralized decision making. A serious effort has been made to ensure that decentralized decisions be harmonized and coordinated in order to maintain a unified Yugoslav market. Rapid economic development has accompanied the fundamental institutional changes as a result of high rates of investment and rapid industrial development. A precarious financial situation has threatened development. Legislative reform is expected to impose financial discipline and increase effectiveness of the monetary policy. In addition, liberalization of trade and payments should alleviate some of the financial constraints. Continued growth will probably be influenced by: (i) efficiency of the system in developing economic policy; (ii) success in controlling inflationary pressures; (iii) improvement in the tight balance of payments situation; and (iv) improvement in resource allocation and maintenance of the rate of aggregate savings.
Pre-2003 Economic or Sector Report
social investment fund;financial investment;allocation of net income;financial saving;investment loan;gross value;asset and liability;statistical yearbook;transactions demand for money;flow of investment;real rate of interest;marginal propensity to save;enterprise income;investment credit;balance of payment;banking system liability;gross national saving;financial resource;domestic saving;investment resource;personal income;national income accounting;allocation of resource;gross national product;net factor income;direct credit;central planning;enterprise saving;private producer;wages and salary;access to bank;rate of change;form of credit;savings performance;total saving;financial mechanism;life insurance business;role of state;number of banks;concept of income;indices of performance;cost of capital;short-term bank deposit;aggregate saving rate;kind of investment;means of payment;prices for products;form of tax;banks' balance sheet;transfer of resource;private sector resource;allocation of saving;development of enterprise;terms of lending;terms of credit;costs of inflation;income policy agreement;gross material product;rate of inflation;central bank operation;proportion of income;national income estimate;tax on business;nonbank financial institution;postal savings bank;chamber of commerce;capital gain;resource mobilization;
- See More
Social Funds, Urban Housing and Land Settlements, Disability, Urban Governance and Management, Urban Housing, Services & Transfers to Poor, Social Development & Poverty, International Trade and Trade Rules, Economic Assistance, Inflation, Access of Poor to Social Services, Municipal Management and Reform,
Official version of document (may contain signatures, etc)
Yugoslavia - Economic development (Vol. 4) : Volume 4 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/252841468308360598/Volume-4