ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Sports Goods- Export Hopes Belied

 Boyanich has said highly favourable conditions exist in Yugoslavia for the shareholding system. He has rebutted doctrinaire communists who say that the system of shareholding would mean a restoration of capitalism. Boyanich has stated that "socialist stock is absolutely justified." The shareholders would have to buy and sell, and Boyanich claims that a stock exchange need not be capitalist, but could be a socialist stock exchange! Branko Horvat, a Yugloslav economic theoretician, has suggested the introduction of a system of "share-bonds" which would not provide the right to ownership but would provide a voice in management. The shares would be transferable on a financial market. The keenness to deny the concept of ownership is a rider to ensure the socialist protestations of the Yugoslav system.

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