chapter  3
17 Pages

3 Influence of the Self-Management System on the Development of the Yugoslav Economy

ByJakov Sirotkovic

The development of the Yugoslav socialist self-managing socioeconomic system has created a new type of economy which has substantially influenced changes in earlier classifications of economic systems and interpretations of the economic categories customary in economic literature. The development of the self-management system as the fundamental form of socialist production relations in Yugoslavia can systematically be divided into several basic stages. The first stage started with the passing of the aforementioned law on workers' councils and workers' management of the economy and the simultaneous decentralization of state administration of the economy. The second stage in the development of self-management system started in 1954, with the introduction of the new economic system whereby enterprise self-management bodies were granted the right of autonomous decision-making with regard to the volume and structure of production. The third stage in the development of self-management system began in 1957, when the self-management bodies in enterprises acquired the right to control the resources intended for personal incomes.