Avramovic's contribution to the transition to market economy in Yugoslavia
In: Panoeconomicus: naučno-stručni časopis Saveza Ekonomista Vojvodine ; scientific-professional journal of Economists' Association of Vojvodina, Band 69, Heft 2, S. 265-282
ISSN: 2217-2386
The paper is dedicated to Dragoslav Avramovic, a unique personality who
played a key role in a historically important period for Federal Republic
(FR) of Yugoslavia. After the successful implementation of his macroeconomic
stabilization program, Avramovic wanted to implement other important
economic reforms. In November 1995, he prepared the ?Program II? that
contained fifteen measures, one of which was the ?Democratization of
property relations?. Avramovic formed a Working Group in April 1996 that was
to prepare a privatization program for FR Yugoslavia. The program was soon
ready, proposing obligatory, comprehensive and fast privatization of all
enterprises in FR Yugoslavia, using a combination of different methods.
However, Avramovic?s privatization program was not even officially
discussed, since in mid-May 1995 he had to leave his position of Governor of
the National Bank. The paper also points to the profound ideological
differences among intellectuals at that time and to the wider consequences
of Avramovic?s departure.