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Enterprise Sector Restructuring in a Small Economy: The Case of Slovenia

In: Small Countries in a Global Economy

Author

Listed:
  • Marko Simoneti

    (University of Ljubljana and C.E.E.P.N)

  • Matija Rojec

    (University of Ljubljana and IMAD)

  • Marko Rems

    (Privata)

Abstract

The enterprise sector in Slovenia entered the process of economic transition with the legacy of a specific quasi-market socialist economic system based on self-management and social ownership. Slovenia was, in a certain sense, the manufacturing platform of the former Yugoslavia. This resulted in a relatively broad and sophisticated industrial structure, different to that, which would have developed in a small open economy with an export-oriented development concept. Disintegration of the former Yugoslavia led to the loss of easy and well-protected markets. Slovenian companies were forced to turn to export markets. Accommodating to the pressures of more competitive markets has, as a rule, been achieved by short-term rationalisation measures (predominantly by reducing costs via lay-offs and an intensive process of early retirement, tolerated by the state) and only much less through long-term restructuring.

Suggested Citation

  • Marko Simoneti & Matija Rojec & Marko Rems, 2001. "Enterprise Sector Restructuring in a Small Economy: The Case of Slovenia," Palgrave Macmillan Books, in: Dominick Salvatore & Marjan Svetličič & Jože P. Damijan (ed.), Small Countries in a Global Economy, chapter 6, pages 181-207, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51319-8_7
    DOI: 10.1057/9780230513198_7
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    Cited by:

    1. Andreja Bohm & Joze P. Damijan & Boris Majcen & Marko Rems & Matija Rojec & Marko Simoneti, 2001. "Secondary Privatization in Slovenia: Evolution of Ownership Structure and Company Performance Following Mass Privatization," CASE Network Reports 0046, CASE-Center for Social and Economic Research.

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