Naslov
Privatization, Institution Building and Market Development: The Case of Croatia

Autori
Račić, Domagoj ; Cvijanović, Vladimir

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Path-dependent development in the Western Balkans: the impact of privatization

Urednik/ci
Kušić, Siniša

Izdavač
Peter Lang

Grad
Frankfurt

Godina
2005

Raspon stranica
43-77

ISBN
3-631-53581-3

Ključne riječi
privatisation, Croatia, corporate governance, institution building, market development

Sažetak
The paper tackles the relationship between the privatisation processes in Croatia and the socio-economic and socio-political environment in which they have taken place, and to whose transformation they have also contributed. The outcomes of privatisation and institution building are discussed in terms of their impact on the development of product, labour and capital markets. Privatisation in Croatia was primarily embarked upon out of political and budgetary necessity, rather than as a means towards technological and managerial upgrading of companies that would develop their competitiveness, contribute to more efficient product, labour and financial markets, and have positive impact on the economic and political integration into the European Union. Although privatisation and institution building were expected to contribute to the constitution of a strong private sector and legal and social prerequisites for its effective functioning, both of these processes have been mismanaged to a significant extent. The patterns and outcomes of privatisation have channelled overall development of the Croatian economy, and are likely to continue doing so.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA