Reflections on Yugoslavia's Transition to a Market Economy
S. Hanke, Reflections on Yugoslavia's Transition to a Market Economy, Atlas Economic Research Foundation, 1990
19 Pages Posted: 25 Jan 2013
Date Written: November 13, 1990
The Markovic government has clearly come down on the side of moving Yugoslavia towards a market economy. To succeed, the government must successfully privatize its so-called social capital, which represents about 85 percent of Yugoslavia’s capital stock. We have presented privatization principles and implementation criteria that will assist that privatization. Moreover, we strongly conclude that the most principled and practical privatization strategy should center on the privatization of Yugoslavia’s social security system. That privatization strategy will simultaneously allow for the rapid repair of Yugoslavia’s social-security system and the equitable privatization of that nation’s social capital.
Keywords: Steve Hanke, Yugoslavia, Market Economy, Transition, Markovic, government privatization, atlas, foundation
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