What were the early differences between Soviet and Yugoslav economic strategies in building socialism? How effective have subsequent Yugoslav modifications been? Are there lessons to be drawn from the Yugoslav experience for other small underdeveloped countries? Professor Bombelles' study explores these questions and provides some interesting answers. Drawing upon both primary and secondary sources, he analyzes the period of industrialization basesd on the Soviet model and the 1956-1964 period when industrialization efforts were replaced by a policy of diversification. Includes an Index.