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This chapter argues that in some of the successor states of former Yugoslavia an economic system of political capitalism has replaced the former economic system of socialist self-management. The chapter focuses on the examples of Croatia and Serbia using a case-study approach. In the former...
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Serbian local state-owned enterprises (SOEs) owed in excess of EUR 220mn in late 2015, with estimates reaching a much higher figure. According to the national Fiscal Council, underinvestment by local governments amounted to some EUR 250mn annually. This paper looks at insufficient commercial...
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