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Pregled bibliografske jedinice broj: 1107813

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


Franc, Sanja; Barišić, Antea; Wittine, Zoran
The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia // Notitia - časopis za održivi razvoj, 6 (2020), 1; 49-62 doi:10.32676/n.6.1.5 (recenziran, članak, stručni)


CROSBI ID: 1107813 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

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

Autori
Franc, Sanja ; Barišić, Antea ; Wittine, Zoran

Izvornik
Notitia - časopis za održivi razvoj (1849-9066) 6 (2020), 1; 49-62

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, stručni

Ključne riječi
: Washington Consensus, industrial policy, global value chains, Dutch disease

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

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Antea Barišić (autor)

Avatar Url Sanja Franc (autor)

Avatar Url Zoran Wittine (autor)

Citiraj ovu publikaciju

Franc, Sanja; Barišić, Antea; Wittine, Zoran
The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia // Notitia - časopis za održivi razvoj, 6 (2020), 1; 49-62 doi:10.32676/n.6.1.5 (recenziran, članak, stručni)
Franc, S., Barišić, A. & Wittine, Z. (2020) The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia. Notitia - časopis za održivi razvoj, 6 (1), 49-62 doi:10.32676/n.6.1.5.
@article{article, year = {2020}, pages = {49-62}, DOI = {10.32676/n.6.1.5}, keywords = {: Washington Consensus, industrial policy, global value chains, Dutch disease}, journal = {Notitia - \v{c}asopis za odr\v{z}ivi razvoj}, doi = {10.32676/n.6.1.5}, volume = {6}, number = {1}, issn = {1849-9066}, title = {The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia}, keyword = {: Washington Consensus, industrial policy, global value chains, Dutch disease} }
@article{article, year = {2020}, pages = {49-62}, DOI = {10.32676/n.6.1.5}, keywords = {: Washington Consensus, industrial policy, global value chains, Dutch disease}, journal = {Notitia - \v{c}asopis za odr\v{z}ivi razvoj}, doi = {10.32676/n.6.1.5}, volume = {6}, number = {1}, issn = {1849-9066}, title = {The Dilemma over Washington Consensus Guidelines or Industrial Policy: Lessons from Croatia}, keyword = {: Washington Consensus, industrial policy, global value chains, Dutch disease} }

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