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This analysis will present both Slovenia’s historical and current economic status by examining the political and economic background, budgetary and monetary conditions, expenditure policies and assignment, tax structure and administration, and social insurance.Passing through its transition period from a centrally planned economy to a market economy, Slovenia has dealt with some successes and some failures.However, Slovenia’s experiences and economic policies could prove to be helpful for other economies in transition.

The foundation for its quick transformation to a market economy lies within the positioning of Slovenia in the history of Yugoslavia before and after its dissolution.

After the end of World War II, Yugoslavia’s definition of socialism changed.

Ownership of the means of production was defined as ‘social’ rather than ‘state’ and firms were managed by workers councils.

Fortunately, the rocky road, described by the World Bank News in the quote above, has not been long for Slovenia.

Although Slovenia was the most prosperous Republic before the dissolution of Yugoslavia, after the breakup of Yugoslavia in 1991, Slovenia experienced high levels of inflation, a drop in the GDP and a tripling of the unemployment levels[1].

These problems did not stop Slovenia’s transition to an economic powerhouse in the former Eastern Bloc.However, Slovenia had several advantages over other Eastern Bloc countries which aided in such a successful transition.2Cellos 3 Doors Down 3 Inches Of Blood 30 Seconds To Mars 36 Crazyfists 69 Eyes A A Day To Remember A Rocket To The Moon A Skylit Drive AC/DC Adelitas Way Adema Aerosmith AFI After the Burial Airbourne Airhead Alabama Shakes Alexisonfire Alice Cooper Alice In Chains Alice Nine Alien Ant Farm All For Nothing All That Remains All Time Low Alter Bridge Amanda Palmer Amaranthe Amon Amarth Amy Grant Anberlin Andy Grammer Angels & Airwaves Angelus Apatrida Angelzoom Ankor Annihilator Apocalyptica Arcade Fire Arch Enemy Arctic Monkeys Art Of Dying As I Lay Dying Ash Asking Alexandria At the Gates Atreyu Attila Audioslave August Burns Red Avantasia Avenged Sevenfold Avril Lavigne Axe Wound Aztec Camera Baby Chaos Bad Religion Bankrupt Bassnectar Bastille Battlecross Behemoth Belinda Carlisle Ben Haenow Ben Howard Berry Chuck Biffy Clyro Billy Idol Billy Talent Biohazard Black Label Society Black Sabbath Black Stone Cherry Black Veil Brides Blackmore's Night Blessthefall Blink 182 Bloc Party Blur Blut Engel Body Count BOMBUS Bon Iver Bon Jovi Boosie Badazz Born of Osiris Bowling For Soup Brainstorm Brandon Flowers Brantley Gilbert Breakdown Of Sanity Breaking Benjamin Brian May Bring Me The Horizon Britny Fox Brujeria Brunettes Shoot Blondes Bryan Adams Bullet For My Valentine Bush Cadaveria Caliban Callejon Cane Hill Carcass Catatonia Cavalera Conspiracy Charlie Winston Chase and Status Cheap Trick Chelsea Grin Chevelle Chicago Chimaira Chris Norman Cinema Bizarre Circa Survive Coal Chamber Cobra Starship Cockpunch Coldplay Coldrain Colt Ford Come The Dawn Conway Corey Taylor Corinne Bailey Rae Counting Crows Cradle Of Filth Cranberries Crash Test Dummies Crashdiet Crematory Crowded House Crown The Empire Cut Copy Cute Is What We Aim For Daath Dangerkids Dani Martin Dark Fortress Darkest Hour Daughter Daughtry Dave Gahan David Bowie David Garrett De Novo Dahl Dead By April Dead Or Alive Dead Sara Death In Vegas Deathstars Deep Purple Def Leppard Deftones Deicide Demophon Muson Depeche Mode Despised Icon Detonautas Devil Driver Dimmu Borgir Dire Straits Disturbed Dokken Dommin Dragonforce Dream Theater Dreamshade Driver Friendly Drowning Pool Dry Kill Logic Dune Eagles Editors Eels Electric Light Orchestra Elliphant Elton John Eluveitie Emigrate Emmure Ensiferum Enter Shikari Epica Equilibrium Eric Clapton Erra Escape The Fate Evanescence Every Time I Die Exodus Exotype Eyes Set To Kill Faith No More Fall Out Boy Fear Factory Fear My Thoughts Fightstar Filter Fireflight Firewind Fit For Rivals Five Finger Death Punch Fleshgod Apocalypse Florence & The Machine Flyleaf Foals Folds Ben Foo Fighters For All Those Sleeping For The Fallen Dreams For Today Francesco Renga Frank Turner Franz Ferdinand Free On Friction Front Line Assembly Fuel Garbage Gary Moore Gavin De Graw Gazette George Ezra Get Scared Ghost Glassjaw Godsmack Goo Goo Dolls Good Charlotte Gorillaz Gossip Gotye Green Day Guano Apes Guns N' Roses GWAR Gym Class Heroes Hacktivist Hadouken Hail The Villain Haim Halestorm Hand Of Mercy Hands Like Houses Hannah Montana Happy Mondays Hatebreed Heart Heartist Heaven Shall Burn Hedley Hellions Hellyeah Hey Violet Him Hinder Hitarda Hollywood Undead Hoobastank Hooverphonic Houston Marques Hozier Hudson Taylor Hundredth I Killed The Prom Queen I See Stars Ice Nine Kills Icon For Hire Iggy Pop Ill Nino Imagine Dragons Immortal In Extremo In Hearts Wake In This Moment Incubus INDICA Inmyhead Interpol Iron Maiden Issues Iwrestledabearonce Jack White James Bay Jamie T Jason Mraz Jeff Buckley Jeremy Camp Jerry Cantrell Jewel Jimmy Eat World Joan As Police Woman John Lennon John Mayer Johnny Cash Johnson Jack Johnsson Ana Jorn Journey Judas Priest Juliet Simms Justice Kadebostany Kaiser Chiefs Kansas Kasabian Katy Perry Keane Kid Rock Killswitch Engage Kimbra Kings Of Leon KISS Kittie Knuckle Puck Kodaline Korn Korpiklaani Kreator KT Tunstall Kutless Kyo LAB Lacuna Coil Lady Antebellum Lamb of God Last Walk Laura Marling Lenny Kravitz Leonard Cohen Levellers LGND Life Of Agony Lifehouse Ligabue Light Up The Sky Like Moths To Flames Limp Bizkit Linkin Park Lita Ford Lordi Lost Society Lostprophets Lynyrd Skynyrd Macdonald Amy Machine Head Madball Madina Lake Magic! Mago De Oz Malmsteen Yngwie Mando Diao Mandragora Scream Manowar Marakesh Marco Mengoni Marianas Trench Marilyn Manson Massive Attack Mastodon Matthew West Mayday Parade Mc Fly Meat Loaf Meg Myers Megadeth Melissa Etheridge Memphis May Fire Meshuggah Mestis Metallica Methods of Mayhem Metric MGMT Michal Szpak Milk Teeth Misfits Miss May I Mitzi Moderatto Modest Mouse Molotov Morcheeba Morrissey Motorhead Mudhoney Murderdolls Muse Mushroomhead Mutiny Within My Chemical Romance My Darkest Days My Enemies My Ticket Home Napalm Death Nazareth Neck Deep Negative Nelson Willie Neon Trees Nevada Tan New Found Glory New Order New Politics New York Dolls Nick Cave Nickelback Night Demon Night Riots Nightmare Nightwish Nine Inch Nails Nirvana Noiseast Noisettes Nonpoint Northlane Oasis Obituary Of Mice & Men Of Monsters and Men Offspring OK Go One Ok Rock One Republic Only Real Oomph! Pain Palisades Panic At The Disco Pantera Papa Roach Paradise Lost Paramore Parkway Drive Pearl Jam Periphery Phantom Planet Phillip Phillips Pierce The Veil Pink Floyd Pixies PJ Harvey Placebo Plastic Tree Poets Of The Fall Pop Evil Porcupine Tree Powerman 5000 Powerwolf Pretty Reckless Prime Circle Primus Prof Protest The Hero Puddle Of Mudd Pulp Purity Ring PVRIS Queen Queens Of The Stone Age R. Opeth Orange Range Osbourne Ozzy Otep Our Last Night P. INTRODUCTION Five years ago a small republic of the former Yugoslavia, started on its path of transition from an eastern block socialist government with a planned economy to a democratic government with a free market economy.