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The state of external equilibrium in Croatia and its long term stability

Dražen Derado ; University of Split, Faculty of Economics

Puni tekst: engleski, pdf (573 KB) str. 77-100 preuzimanja: 119* citiraj
APA 6th Edition
Derado, D. (2002). The state of external equilibrium in Croatia and its long term stability. Management, 7 (2), 77-100. Preuzeto s https://hrcak.srce.hr/184553
MLA 8th Edition
Derado, Dražen. "The state of external equilibrium in Croatia and its long term stability." Management, vol. 7, br. 2, 2002, str. 77-100. https://hrcak.srce.hr/184553. Citirano 08.08.2020.
Chicago 17th Edition
Derado, Dražen. "The state of external equilibrium in Croatia and its long term stability." Management 7, br. 2 (2002): 77-100. https://hrcak.srce.hr/184553
Harvard
Derado, D. (2002). 'The state of external equilibrium in Croatia and its long term stability', Management, 7(2), str. 77-100. Preuzeto s: https://hrcak.srce.hr/184553 (Datum pristupa: 08.08.2020.)
Vancouver
Derado D. The state of external equilibrium in Croatia and its long term stability. Management [Internet]. 2002 [pristupljeno 08.08.2020.];7(2):77-100. Dostupno na: https://hrcak.srce.hr/184553
IEEE
D. Derado, "The state of external equilibrium in Croatia and its long term stability", Management, vol.7, br. 2, str. 77-100, 2002. [Online]. Dostupno na: https://hrcak.srce.hr/184553. [Citirano: 08.08.2020.]

Sažetak
From the outset of transition Croatia faces a serious problem of external imbalance as a consequence of unfinished structural and institutional reforms. The external balance crisis can be seen through raising international trade deficit and structural characteristics of trade flows. To these unfavorable characteristics belong export reorientation from developed to less developed countries, increasing number of industries in which Croatia has position of net-importer and export structure in which dominate low-value-added products. Increasing trade deficit in 2001 and 2002 followed by further growth in external indebtedness cause increasing burden of debt service and limit the possibilities for economic growth. Taking all this as well as real limits in further external imbalance growth into consideration it can be said that Croatia realizes high level of external disequilibrium. In contrast, advanced transition countries achieve fairly good and stabile external positions thanks to successful economic restructuring and strong export growth.

Ključne riječi
trade analysis; managerial implications; Croatia

Hrčak ID: 184553

URI
https://hrcak.srce.hr/184553

Posjeta: 182 *