Metallurgical Kombinat Smederevo 1960–1990: A case study in the economic decline of Yugoslavia

Palairet, Michael

doi:10.1080/09668139708412489

Cited by 3 publications

(1 citation statement)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Companies operated in a limited ‘market environment’ and were organized around the principle of self‐management, whereby a collective of workers directed each enterprise – although not independently from the Communist Party (Bartlett ). As shortages were not as dire and fluctuations in production were not as extreme as in USSR‐linked countries, Yugoslavia's companies had less need to hoard, exchange, and pay in goods (Estrin ; Palairet ; Ribnikar ; Vučković ).…”

Section: The History Of Kompenzacijamentioning

confidence: 99%

Financialization without liquidity: in‐kind payments, forced credit, and authoritarianism at the periphery of Europe

Mattioli

2018

Royal Anthropological Inst

View full text Add to dashboard Cite

After 2008, the spectacular collapse of financial markets in the United States, Spain, Iceland, Portugal, and Greece has induced researchers to conceptualize financialization as a rapid and unsustainable increase in liquidity. In Macedonia, a small country at the periphery of the European Union, however, the spread of financial instruments and debt coincided with an increased use of in‐kind payments instead of money. Focusing on a type of non‐monetary exchanges that Macedonians call kompenzacija, the article shows how in‐kind payments are integrated to financial flows, and are crucial to the emergence of an authoritarian regime. In the Macedonian context, kompenzacija is part of an oppressive set of relations whereby companies are forced to provide monetary credit to the regime by accepting payment in goods that lose value over time. The article describes the conditions that shape financialization at the periphery of Europe, and identifies in value conversions a crucial variable for understanding the interconnection between politics and finance.

show abstract

Section: The History Of Kompenzacijamentioning

confidence: 99%

Financialization without liquidity: in‐kind payments, forced credit, and authoritarianism at the periphery of Europe

Mattioli

2018

Royal Anthropological Inst

View full text Add to dashboard Cite

show abstract

Tensions between plan and market in a political factory in socialist Kosovo

Troch

2020

Business History

View full text Add to dashboard Cite

The Economic Consequences of Slobodan Milo w evi '

Palairet¹

2001

Europe-Asia Studies

View full text Add to dashboard Cite

MODERN ECONOMIC DEVELOPMENT has been associated with profound structural changes. Agriculture became increasingly commercialised and therefore specialised, it increased in productivity and shifted towards livestock raising. It supported a rising standard of food consumption, while permitting an overall shift of resources towards secondary and tertiary activities. Industry expanded as a proportion of total output and, within the industrial sector, there was a shift from low value added processing of primary products and the manufacture of single-use consumer goods towards higher technology sectors, especially in the production of machines and metal manufactures, producer goods and consumer durables. Growth caused a disproportionate rise in productive capital stock, and a corresponding deepening of social infrastructure. Fast growing economies were associated with rising personal and corporate savings, supplemented by the net in ow of capital. Public authorities increased their participation in total output. They devoted a rising proportion of their own activity (excluding transfer payments) to the provision of social services to the population, particularly healthcare and education, while reducing the proportion devoted to internal and external security. Rising healthcare and education provisions were accompanied by improvement in the human capital stock, which in turn facilitated the assimilation and development of new technologies, which sustained economic advance. This general statement of the relationship between economic growth and structure loosely follows the template set up in the 1960s by Simon Kuznets. 1 Economic structure in countries experiencing protracted secular decline should therefore undergo changes the reverse of those associated with growing economies, though this has not to my knowledge been tested. We would expect economic decline to be associated with a growing dependence on agriculture, especially for selfconsumption, a deterioration in agricultural practice, and a diminution in the physical capital stock in productive industry and in infrastructure. Industrial structure would shift away from metal goods and producers goods, and the quality of the industrial technology applied would deteriorate. Decline would also be associated with negative saving and net capital export. Within the sector of state provision, spending on state security would rise relatively, resulting in a sharp run-down of healthcare and education. This would threaten the quality of the human capital stock.

show abstract

Metallurgical Kombinat Smederevo 1960–1990: A case study in the economic decline of Yugoslavia

Cited by 3 publications

References 5 publications

Financialization without liquidity: in‐kind payments, forced credit, and authoritarianism at the periphery of Europe

Financialization without liquidity: in‐kind payments, forced credit, and authoritarianism at the periphery of Europe

Tensions between plan and market in a political factory in socialist Kosovo

The Economic Consequences of Slobodan Milo w evi '

Contact Info

Product

Resources

About