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Italy also benefited from access to the European market, while Yugoslavia was stuck - and even there not quite well integrated either - with the flailing econom
by eecc 5y ago
Italy also benefited from access to the European market, while Yugoslavia was stuck - and even there not quite well integrated either - with the flailing economies of the Eastern Block.
About your last statement, you seem to forget some of the attempts at Neoliberal Edens in South America of the '90s. They didn't go that well, haven't they?
- Ginden 5y agoI'm not sure if any liberal thinker would label policies such as fixed exchange rates, constant deficit funded by foreign borrowing, military dictatorships, as "liberal".
- simonh 5y agoYugoslavia did trade with Europe, it was independent and not a member of the Warsaw Pact. Only 25% of its trade was with the eastern block.
- eecc 5y agoHey, went to double check that claim and learned on Wikipedia that Yugoslavia did IMF backed austerity policies in the ‘80s.