Privatization in Central and Eastern Europe: Perspectives and Approaches

By Demetrius S. Iatridis; June Gary Hopps | Go to book overview

Chapter 12
Privatization and Restructuring in Croatia

MATE BABIĆ

After the first democratic elections in Croatia in spring 1990, the Communists lost power, and the new democratic government was sworn in on May 30, 1990. The goal of the new government was to introduce political and economic democracy immediately to Croatia; it defined economic democracy as the transformation from a socialist to a market economy because there is no economic democracy without a market economy. In August 1990, the Yugoslav Army interrupted the free circulation of goods and services in Croatia and declared all-out war against Croatia in summer 1991. The economic consequences of the Yugoslav Army's actions have been catastrophic. Of Croatia's 1.65 million employed persons in 1990, 550,000 were unemployed in 1994, according to unpublished statistics from the Statistical Office of Croatia. The nation's productive capacity was reduced by 45 percent, and over 2 million of its 4.76 million people qualified for welfare in 1994.

Most of the problems that Croatia has experienced with the transition to a market economy are common to all post-Communist countries. However, some problems are specific to Croatia, since it started the process of transition during the war, which made the process more complicated ( Babić, 1993). Thus, the restoration of peace is a necessary condition for continuing the transition and starting the process of development, but it is not the only one. After peace is achieved and the situation is stabilized, Croatia has to design a more efficient economic system. As von Hayek ( 1945) showed a long time ago, only through a market economy can the price system be used as a means of organizing the dissemination of information throughout the community and scarce resources be used efficiently. Therefore, Croatia intends to develop a market economy with the highest possible degree of competition.

The most urgent current need in Croatia is to set in motion the mechanisms

-144-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Privatization in Central and Eastern Europe: Perspectives and Approaches
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 212

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.