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Enterprise Sector Restructuring in a Small Economy: The Case of Slovenia

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Abstract

The enterprise sector in Slovenia entered the process of economic transition with the legacy of a specific quasi-market socialist economic system based on self-management and social ownership. Slovenia was, in a certain sense, the manufacturing platform of the former Yugoslavia. This resulted in a relatively broad and sophisticated industrial structure, different to that, which would have developed in a small open economy with an export-oriented development concept. Disintegration of the former Yugoslavia led to the loss of easy and well-protected markets. Slovenian companies were forced to turn to export markets. Accommodating to the pressures of more competitive markets has, as a rule, been achieved by short-term rationalisation measures (predominantly by reducing costs via lay-offs and an intensive process of early retirement, tolerated by the state) and only much less through long-term restructuring.

Keywords

Corporate Governance Foreign Company Enterprise Sector Small Economy Ownership Category 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Marko Simoneti, Matija Rojec, Marko Rems 2001

Authors and Affiliations

  1. 1.University of Ljubljana and C.E.E.P.NLjubljanaSlovenia
  2. 2.University of Ljubljana and IMADLjubljanaSlovenia
  3. 3.PrivataLjubljanaSlovenia

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