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Stručni rad
https://doi.org/10.32676/n.6.1.5

The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia

Sanja Franc ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Antea Barišić ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Zoran Wittine ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (256 KB) str. 49-62 preuzimanja: 112* citiraj
APA 6th Edition
Franc, S., Barišić, A. i Wittine, Z. (2020). The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia. Notitia -časopis za ekonomske, poslovne i društvene teme, 6 (1), 49-62. https://doi.org/10.32676/n.6.1.5
MLA 8th Edition
Franc, Sanja, et al. "The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia." Notitia -časopis za ekonomske, poslovne i društvene teme, vol. 6, br. 1, 2020, str. 49-62. https://doi.org/10.32676/n.6.1.5. Citirano 23.10.2021.
Chicago 17th Edition
Franc, Sanja, Antea Barišić i Zoran Wittine. "The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia." Notitia -časopis za ekonomske, poslovne i društvene teme 6, br. 1 (2020): 49-62. https://doi.org/10.32676/n.6.1.5
Harvard
Franc, S., Barišić, A., i Wittine, Z. (2020). 'The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia', Notitia -časopis za ekonomske, poslovne i društvene teme, 6(1), str. 49-62. https://doi.org/10.32676/n.6.1.5
Vancouver
Franc S, Barišić A, Wittine Z. The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia. Notitia -časopis za ekonomske, poslovne i društvene teme [Internet]. 2020 [pristupljeno 23.10.2021.];6(1):49-62. https://doi.org/10.32676/n.6.1.5
IEEE
S. Franc, A. Barišić i Z. Wittine, "The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia", Notitia -časopis za ekonomske, poslovne i društvene teme, vol.6, br. 1, str. 49-62, 2020. [Online]. https://doi.org/10.32676/n.6.1.5

Sažetak
During the 1990s Croatia went through the process of transition to market economy mostly following the Washington Consensus policy guidelines. Since the period before the last global financial crisis, Croatia has shown almost no convergence to developed European Union member states and has been among the least developed ones. This paper examines the causes of Croatian development lag, while providing an overview of contemporary development policies and international production fragmentation trends that affected them. The paper points out to several important factors that shaped the Croatian development path. Expectations from foreign capital were overrated, as the foreign direct investment consisted mainly of brownfield investment in large monopolistic companies and was rarely directed to export-oriented sectors. Accession to the World Trade Organisation was followed by stronger growth of imports than exports and joining the European Union did not bring economic growth as fast as expected. Lack of industrial policy implementation has led Croatia to deindustrialisation and increasing importance of the tourism sector as a form of the Dutch disease.

Ključne riječi
Washington Consensus; industrial policy; global value chains; Dutch disease

Hrčak ID: 247235

URI
https://hrcak.srce.hr/247235

[hrvatski]

Posjeta: 300 *