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| Author: | Palairet, M. |
| Title: | Metallurgical Kombinat Smederevo 1960-1990: a case study in the economic decline of Yugoslavia |
| Journal: | Europe-Asia Studies
1997 : SEP, VOL. 49:6, p. 1071-1102 |
| Index terms: | YUGOSLAVIA ECONOMICS METALS INDUSTRY |
| Language: | eng |
| Abstract: | In the 1970s a new integrated flat-product iron and steel enterprise, Metallurgical Kombinat Smederevo (MKS), began to take shape on the flat-lands south-east of the town of Smederevo in Serbia. Conceived on an ambitious scale, the new steelworks, together with older facilities in the town, grew to employ 11 153 workers. However, it ran huge financial deficits as soon as it started producing, its productivity was abysmal, and its expansion plans saddled the Republic of Serbia with unmanageable foreign debts. |
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