This article explores the role of Yugoslav self-managed corporations in the global economy, with a particular attention to the late socialist period (1976–1991). Guided by a vision of a long-term integration of the Yugoslav economy into the international division of labor on the basis of equality and mutual interest, by the late 1970s the country’s foreign trade and hard currency revenue was boosted by a number of globally oriented corporate entities, some of which survived the demise of socialism and the dissolution of the country. These enterprises had a leading role as the country’s principal exporters and as the fulcrum of a web of economic contacts and exchanges between the Global South, Western Europe, and the Soviet Bloc. The article seeks to fill a historiographic gap by focusing on two major Yugoslav enterprises (Energoinvest and Pelagonija) that were based in the less-developed federal republics—Bosnia-Herzegovina and Macedonia. The article also investigates the transnational flow of ideas around the so-called “public enterprise,” its embeddedness in an interdependent global economy, and its visions for equitable development. Finally, the article explores these enterprises as enablers of social mobility and welfare, as well as spaces where issues of efficiency, planning, self-reliance, and self-management were negotiated.

In the 1940s, when the governor of Puerto Rico was still appointed by the U.S. president, a large state-owned enterprise (SOE) sector was established. Later, in 1948-1950, the island's first elected government privatised these SOEs. This paper documents both the creation of the SOE sector and its privatisation, and analyses the role played by ideology, political interests and economic concerns in the decision to privatise. Whereas ideological factors might have played a significant role in the building of the SOE sector, the privatisation process was driven by economic factors. In the cement sector, the competing private firm was more efficient and the SOEs in other sectors with no private competitors in the island showed permanent losses.