The Financial Transition of Croatia Essay

п»їThe Economic Changeover of Croatia

Having attained independence in 1992, Croatia has only a narrow lineage of independent history. Croatia has become ruled by both Venetian blinds and the Hapsburg empire, hence the country homes both Mediterranean and Central European social tendencies. After the socialist approach to economy flattened, Croatia began a change towards getting an open marketplace economy. Impeded by the conflict damage and debts, our economy experienced a slow changeover towards getting an open market economy. Irrespective of all the issues encountered along the way, country's economic climate is still one of the strongest in Southeast European countries and in line with the GDP, that even trumps some of the associates of the European Union. The Austro-Hungarian Empire

When ever Croatia would still be under the Austro-Hungarian Empire, the was enormously an agricultural economy, although this period marked the beginning of the commercial age. The domestic capital was restricted due to Austrian and Hungarian capital becoming immensely main and the creation during this time made use of mostly all-natural resources such as forests and agricultural items. As railways were being produced and became even more frequent, the first industrial hubs were created in Zagreb, Sisak, Rijeka among others. When Croatia became an integral part of Yugoslavia, the developing of its sector became more complimentary as Croatia was one of the most developed regions having a wider marketplace range. Through the Years

Following a Second World War the moment Croatia was led with a socialist economy, rapid industrialization and expanding of agricultural areas hastened. Croatia that has been still under the Yugoslavian self-managing socialist system, which was even more dynamic and contrasted the centralized and planned financial systems that the other Eastern Western states had adopted. Property that 1st became state-owned via nationalization were used in social ownership. The main governing bodies in organizations and firms were the worker's...

Bibliography: 08. 09. 2013

http://www.wilsoncenter.org/publication/137-troubled-economic-transitions-the-yugoslav-successor-states

08. 09. 2013

https://muse.jhu.edu/login?auth=0&type=summary&url=/journals/sais_review/v018/18.2skreb.html

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http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Economy_of_Croatia.html

'08. 09. 2013

http://www.croatia.eu/article.php?lang=2&id=31

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