Western economic historians have traditionally concentrated on
the success stories of major developed economies, while development
economists have given most of their attnetion to the problems of
the Third World. The authors of this pioneering work study a part
of Europe neglected by both approaches. Modernizing patterns in
Balkan economic history are traced from the sixteenth century (when
the territory was shared by Ottoman and Habsburg empires), through
the nineteenth century (when they emerged as independent states),
to the end of World War II and its aftermath. Despite present
differences in economic systems Greece's private market economy,
Yugoslavia's planned market economy, and the centrally planned
economies of Romania, Bulgaria, and Albania the authors find that
shared origins and common subsequent experiences are ample
justifications for treating the area as an economic unit. Balkan
Economic History, 1550-1950 will be a major case study for
development economists and will provide historians with the first
analytical and statistical study to survey the entire region from
the start of the early modern period."
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