| Toward a long-term strategy of economic development of Croatia: Where to begin, what to do and how to do it? (2001) | |||||||
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| TOWARD LONG TERM STRATEGY ECONOMIC DEVELOPMENT CROATIA WHERE BEGIN WHAT AND HOW Dubravko Mihaljek Occasional Paper June Institute Public Finance CONTENTS INTRODUCTION AND SUMMARY WHERE BEGIN Development Potentials and Weaknesses the Croatian Economy Size the economy and degree development Leadership commitment economic development and social capital Human capital and technology Economic policy Institutions productive capital and physical infrastructure III WHAT AND HOW Basic principles for Croatia development strategy Define clear development objective Ensure equal access development opportunities Adjust globalisation and the new economy Reform the labour market Develop the financial markets Restructuring the banks and corporations Solving the problem payment arrears Replacing the national currency Role foreign direct investment Define the role the state the economy Education Rule law Health care infrastructure science technology Maintain macroeconomic stability Exchange rate and monetary policy Tax and investment policy ILLUSTRATIVE SCENARIO LONG TERM GROWTH REFERENCES Toward Long Term Strategy Economic Development Croatia Where Begin What and How Dubravko Mihaljek Bank for International Settlements Basel Dubravko Mihaljek bis org ABSTRACT This paper attempts elaborate the main principles economic development strategy suitable for Croatia over the next years Based brief analyses advances made development theory and policy and experiences the emerging market economies Asia La | |||||||
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