Download Slovenia: from Yugoslavia to the European Union by Mojmir Mrak, Matija Rojec, Carlos Silva-Jauregui PDF

By Mojmir Mrak, Matija Rojec, Carlos Silva-Jauregui

Slovenia's achievements during the last numerous years were outstanding. 13 years after independence from the previous Socialist Federative Republic of Yugoslavia, the rustic is one of the such a lot complicated of all of the transition economies in crucial and japanese Europe and a number one candidate for accession to the eu Union in might 2004. Remarkably, despite the fact that, little or no has been released documenting this old transition. within the in basic terms ebook of its variety, the members - a lot of them the architects of Slovenia's present transformation - learn the country's three-fold transition from a command to a marketplace economic climate, from a locally established to a countrywide economic climate, and from part of the Socialist Federative Republic of Yugoslavia to a member of the ecu Union (EU). With chapters from Slovenia's president, a former vice top minister, the present and former ministers of finance, the minister of eu Affairs, the present and previous governors of the financial institution of Slovenia, in addition to from prime improvement students in Slovenia and in another country, this particular assortment synthesizes Slovenia's fresh socioeconomic and political historical past and assesses the demanding situations forward. members speak about the Slovenian form of socioeconomic transformation, examine Slovenia's quest for european club, and position Slovenia's transition in the context of the wider transition method occurring in principal and jap Europe. Of curiosity to improvement practitioners and to scholars and students of the sector, Slovenia: From Yugoslavia to the ecu Union is a complete and illuminating research of 1 country's route to political and fiscal independence.

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Additional info for Slovenia: from Yugoslavia to the European Union

Sample text

On the revenue side, a new value added tax was introduced in mid-1999. Incomes policy. Incomes policy could be potentially important for macroeconomic stabilization, employment, and export competitiveness in a small, open economy like Slovenia. Since independence, Slovenia has established an institutional mechanism in which collective agreements are the basic wage-setting apparatus, but individual agreements and legislation also play a role. Tripartite social agreements among the government, trade unions, and employers provide a uniform adjustment mechanism for wages.

In the process of gaining independence, Slovenia first had to create the institutional setting for a new independent state, undertake the necessary system changes and policy initiatives that precede independence, establish monetary sovereignty, and resolve the issue of the succession of SFR Yugoslavia’s external debts and establish financial independence. At the outbreak of the Yugoslav political crisis in the second half of the 1980s, SFR Yugoslavia already functioned as an asymmetric federation.

Although these reforms have had a positive impact on fiscal stability, further steps in both areas are needed in order to maintain mediumterm fiscal sustainability, especially when one takes into account the aging of the Slovenian population. Challenges for the Future Slovenia has made great advances along the path of transition and socioeconomic development. Although so far the transition can be judged relatively successful, and Slovenians’ incomes are converging with those in the European Union, significant challenges remain.

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