YUGOSLAVIA: A Red Wall Street?

Yugoslavia is sometimes described as 100% Marxist—50% Karl and 50% Groucho. Although it is Communist, it maintains a market economy that is based on competition between state-owned but individually run companies. That zany-sounding blend of socialism and free enterprise has given the 20.5 million Yugoslavs the fastest growing economy in Eastern Europe. In major cities, modern, wide-windowed apartment complexes dot the skyline, autos clog the streets and stores are stocked with television sets, radios and kitchen appliances. Lately, however, the system has developed enough problems to bring the nation to a crossroad at which its leaders must decide...

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