enterprises that faced losses. The federal government raised the exchange rate for the German Mark first to 9 and then to 13 dinars. In 1990 the annual rate of GDP growth had declined to -11.6%. Although the Yugoslavian economy did include elements of workplace democracy and gave workers more democratic control over the economic management of enterprises, it also caused high regional inequality. Slovenia’s GDP Per Capita was 12383$ and Kosovo’s GDP Per Capita only 1592$ by 1989. The Gini index of SFRY ranged between 0.32 to 0.35, mainly due to the high regional inequality. Unemployment rates were also disproportionately high in poorer Yugoslavian republics. Such a sizeable regional disparity gave rise to separatism and eventually led to increased intra-state tensions in the Yugoslavian republics. However, the economic transition of Slovenia was rather successful, and it retained many institutional elements of the Former Yugoslavian economy, such as self-management and partial worker-controlled enterprises. The Slovenian Model can be seen as a reconciliation of Western European social democracy and the market socialism of the Yugoslavian economy. The large-scale privatization of state assets, banks, and shock therapy in other former Yugoslavian republics, such as Serbia, are, in contrast, unsuccessful. The economies of these states stagnate with a generally high level of corruption compared to the more successful Slovenian model. Yugoslav economy in numbers – 1990 (SOURCE: 1990 CIA WORLD FACTBOOK) Inflation rate (consumer prices): 2,700% (1989 est.) Unemployment rate: 15% (1989) GDP: $129.5 billion, per capita $5,464; real growth rate – 1.0% (1989 est.) Budget: revenues $6.4 billion; expenditures $6.4 billion, including capital expenditures of $NA (1990) Exports: $13.1 billion (f.o.b., 1988); commodities—raw materials and semimanufactures 50%, consumer goods 31%, capital goods and equipment 19%; partners—EC 30%, CEMA 45%, less developed countries 14%, US 5%, other 6% Imports: $13.8 billion (c.i.f., 1988); commodities—raw materials and semimanufactures 79%, capital goods and equipment 15%, consumer goods 6%; partners—EC 30%, CEMA 45%, less developed countries 14%, US 5%, other 6% External debt: $17.0 billion, medium and long term (1989) Electricity: 21,000,000 kW capacity; 87,100 million kWh produced, 3,650 kWh per capita (1989) GDP per capita of republics ans autonomous provinces GDP per capita of major cities The post-war regime For later developments, see: Economy of Bosnia and Herzegovina, Economy of Croatia, Economy of Kosovo, Economy of the Republic of Macedonia, Economy of Montenegro, Economy of Serbia, Economy of Slovenia. The Yugoslav wars, consequent loss of market,