engleski

EXPORT COMPETITIVENESS OF THE CROATIAN ECONOMY

Export competitiveness is one of the major indicators of the economic competitiveness and it can be globally monitored both on the level of a country's total export and in particular sectors and products. Small countries like Croatia need to go internationally and tailor their manufacturing to the needs of the world market in order to achieve the minimal level of productivity. In 2002, with its annual GDP growth at 5.2%, Croatia had one of the most dynamic economies among the 26 transitional countries in Central, Eastern and Southern Europe. With a growth rate of -6.9% in 2009, it was among the slowest, even in the group of economically stagnating Balkan countries, and these unfavourable trends remained until 2015.The comparative and competitive advantages of a country are the main factors of the country’s inclusion in international trade and a factor of increasing export competitiveness of the economy as a whole. While the possibility of influencing and improving comparative advantage in the short term is relatively low, the competitiveness of a national economy can be increased as a result of properly defined and confirmed macroeconomic policies (trade, fiscal and monetary policy). In this work we have analysed the export competitiveness of the Croatian economy, trying to answer the question: What is the role of the state in increasing export competitiveness of a small national economy like Croatian and what macroeconomic policies the government should use in order to increase exports competitiveness.

Croatian economy, export competitiveness, international trade, macroeconomic policies, small countries

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