engleski

Croatian industry development guidelines

Although it has been more than two centuries since the importance of industry for a country's development was fully grasped, industry is still one of the main levers of economic growth in most countries around the world. Combining the imagination of scientists, technicians and innovators with the logic of capital provided a solid foundation for the industrial development in today's highly developed nations. Industry has been changing exponentially in modern times – new areas of industrial production are emerging, which are based on knowledge as a key development factor. Optimization of industrial development and harmonizing industry with other business activities is a prerequisite for achieving economic prosperity in a country. This paper aims to give an overview of the Croatian industry and suggest guidelines for its future development. Long-term development of the Croatian industry cannot be based upon “traditional industries”, particularly if one takes into account emerging economies with cheaper labour. The Croatian industry as a whole has to be restructured towards “new industries” based on competitiveness achieved through knowledge, innovation, creativity, sustainable development and advanced technology in all areas of operation. The Porter’s diamond model was applied to the Croatian industry in order to examine its competitiveness and explore the implications of its future development.

“new industry”; “traditional industry”; Porter’s Diamond Model for Croatian industry

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