THE ALUMINIUM INDUSTRY, 1961—1968 (IN YUGOSLAVIA)
THE ALUMINIUM INDUSTRY, 1961—1968 (IN YUGOSLAVIA)

Summary/Abstract: Although the first, modest foundations of the aluminium industry in Yugoslavia were laid as early as 1937, it is only in the postwar period, especially in the last ten years, that major progress has been made in this sector. It is characteristic to note that in all postwar development plans the targets for this industry were set too high and could not be fully attained, primarily because of inaccurate estimates of the essential preconditions for its expansion. There was always one or another essential factor missing, making it impossible to realize the planned estimates. The most important among these factors were a lag in the generation of hydroelectric power, the industry’s shortage of capital for large initial investment outlays, the cancellation of already contracted foreign loans on the part of foreign creditors, etc. Because of all this the expansion of the aluminium industry has not reached the level warranted by the country’s natural potential.

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