Croatian Economy Challenges in the Posttransitional Period

Current global economic trends create a new economic environment for Croatia. They could be described, by two processes amongst others. The first is clear enough abandonment of basic determinants of transitional economic policy defined as ‘Washington consensus’. Change of ‘tide’ could be observed in...

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Published in:Zagreb International Review of Economics & Business 2008-11, Vol.11 (2), p.95
Main Authors: Družić, Ivo, Raguž, Irena, Tolić, Ivan
Format: Article
Language:English
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Croatia
posttransition
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Raguž, Irena
Tolić, Ivan
description Current global economic trends create a new economic environment for Croatia. They could be described, by two processes amongst others. The first is clear enough abandonment of basic determinants of transitional economic policy defined as ‘Washington consensus’. Change of ‘tide’ could be observed in redesigned behavior of both transition architects, International Monetary Fund and World Bank. Even before recent global crisis IMF was revising its approach towards fixed exchange rate and WB has been displaying ‘change of heart’, placing development instead of stabilization on its core agenda sheet. The other process is global financial and expected overall economic crisis seemingly comparable to the Great Depression. It will have far reaching impact on the mainstream economic paradigm.
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identifier ISSN: 1331-5609
ispartof Zagreb International Review of Economics & Business, 2008-11, Vol.11 (2), p.95
issn 1331-5609
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language eng
recordid cdi_hrcak_primary_oai_hrcak_srce_hr_78662
source Business Source Ultimate; EBSCOhost Econlit with Full Text; Publicly Available Content Database; Social Science Premium Collection; ABI/INFORM Global
subjects Croatia
posttransition
title Croatian Economy Challenges in the Posttransitional Period
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