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Foreign Deficit

In: The Yugoslav Economy under Self-Management

Author

Listed:
  • Ljubo Sirc

Abstract

The original trend to autarchy (in 1958 exports amounted to only 5.5 per cent of the GSP — Ep 1.1.64) posed difficult problems for foreign trade (see p. 23). Planning for sales in foreign markets is well-nigh impossible, so that there had been hardly any such planning at any level and trade was more or less accidental (33, pp. 673, 675). In 1961, there was an almost complete breakdown which was resolved by an IMF stabilisation loan (33, p. 674).

Suggested Citation

  • Ljubo Sirc, 1979. "Foreign Deficit," Palgrave Macmillan Books, in: The Yugoslav Economy under Self-Management, chapter 11, pages 162-172, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04093-3_11
    DOI: 10.1007/978-1-349-04093-3_11
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