SOME BASIC FEATURES OF YUGOSLAVIA’S INDUSTRIAL DEVELOPMENT IN 1952—1972
SOME BASIC FEATURES OF YUGOSLAVIA’S INDUSTRIAL DEVELOPMENT IN 1952—1972
Author(s): Zoran NikolinSubject(s): Business Economy / Management, Economic history, Labor relations, Economic development, Post-War period (1950 - 1989)
Published by: Jugoslovenski Pregled
Keywords: Yugoslavia; Industrial development; Economic development; Structure of economy; Prices; Agriculture; Labor force;
Summary/Abstract: Rapid industrial expansion has been a basic feature of Yugoslavia’s economic development throughout the postwar period. From 1952 to 1972, industry recorded the following gains: output increased 7.7 times, the value of productive facilities 5.8 times, the labor force 2.8 times, labor productivity 2.7 times, and capital intensity 2.2 times. This dynamic development of industry in the postwar period has been the basic propulsive factor responsible for structural changes in the economy as a whole. Disregarding the influence of prices, industry’s proportion in the structure of the economy as a whole increased from 22 per cent in 1952 to 37 per cent in 1971 (in 1966 prices). In the same period the proportion of agriculture decreased from 40 to 20 per cent.
Journal: Yugoslav Survey. A Record of Facts and Information
- Issue Year: XIV/1973
- Issue No: 3
- Page Range: 155-162
- Page Count: 8
- Language: English
