ЕКОНОМСКИ УЗРОЦИ РАЗБИЈАЊА/РАСПАДА ЈУГОСЛАВИЈЕ
ECONOMIC CAUSES OF BREAKING DOWN/DISINTEGRATION OF YUGOSLAVIA

Summary/Abstract: The article deals with the economic causes of breaking down/disintegration of Yugoslavia. After a relatively successful period from 1956 to 1980 Yugoslavia enters the economic crisis and regression. The causes are multiple: political and economic system was worn out, national (republican) economies were institutionalized, depth crisis occurred and as a consequence of all this, political conflicts emerged. Yugoslav debt grew from 1.4 billion USD (1966) to 20 billion USD (1980) and in a following decade was slightly reduced. As the time passed, the authorities were signing for new credits under less favourable conditions. In the period 1979-1981 the financial outflow for the depth payment was 10.2 billion USD and in the period 1981-1990 57.3 billion USD, and the interest rates only accounted for 18.5 billion USD. Net capital outflow in the period 1981-1990 was 22.4 billion USD. As a consequence, the country lost 14% national income in the period 1981-1990 (Bosnia and Herzegovina 12%, Montenegro 22%, Croatia 18%, Slovenia 12%, central Serbia 8%, Kosovo and Metohija 33% and Vojvodina 7%). That led to a lower living standard, migrations from urban to rural areas and anxiety among republic elites.

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