Yugoslavia laid the legal foundations for capital investments by foreign firms in 1967. It was the first socialist country to permit foreign investments and apart from Roumania and Hungary is still the only one which has done so. Prerequisites have thereby been provided for very close relations...

The expansion of the tourist industry in developing countries is seen by both the countries themselves and international development organisations as a promising route towards boosting economic development. However, once the benefits and costs to society have been carefully weighed up this route...