Croatia - Country Economic Memorandum : A Strategy for Growth through European Integration, Volume 2. Main Report

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dc.creatorWorld Bank
dc.date2013-07-31T20:24:42Z
dc.date2013-07-31T20:24:42Z
dc.date2003-07
dc.date.accessioned2026-07-01T01:17:58Z
dc.descriptionFor Croatia, the challenge is to create conditions that will attract investment and produce growth. These conditions can broadly be categorized as (a) stable, progressive and predictable laws and institutions; (b) efficient labor and financial markets; (c) macroeconomic and financial stability; (d) social and environmental sustainability; (e) effective integration into the European infrastructure networks ensuring competitive cost and quality; and (f) a dynamic business-oriented environment which facilitates the production of high value added goods and promotes the adoption of efficient processes and innovative technologies. This Report proposes a reform strategy for faster economic growth through European integration. Other key inputs for creating a favorable investment climate and consolidating growth prospects include skilled labor, efficient financial markets, and high-quality cost-efficient infrastructure services. Croatia has already achieved substantial progress in these areas. However, pursuing reforms in these sectors would not be costly and would be good for growth and European integration. Thus, higher education reform should be pursued, as should reforms to create market-oriented infrastructure institutions as envisaged in EU Directives, including the institutional development of regulators and the strengthening of the competition agency. The highly competitive European environment requires, in particular, well-focused training and higher education programs that offer firms qualified staff and adequate skills for an innovation-driven knowledge economy. The further deepening of financial markets, which is closely connected to the reforms in the legal and institutional framework outlined above, ought to focus also on the strengthening of the regulatory and supervisory functions, particularly in the non-banking sectors. Similarly, market-oriented energy, transport, and communications are crucial to enhance the global competitiveness of the Croatian economy and to foster its integration into the European economy while creating opportunities for FDI.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2003/07/2466194/croatia-country-economic-memorandum-strategy-growth-through-european-integration-vol-2-2-main-report
dc.identifierhttps://hdl.handle.net/10986/14707
dc.identifierhttps://doi.org/10.1596/14707
dc.identifier.urihttp://hdl.handle.net/123456789/416840
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectEURROPEAN INTEGRATION
dc.subjectENTERPRISE RESTRUCTURING
dc.subjectSTRUCTURAL REFORMS
dc.subjectINVESTMENT ENVIRONMENT
dc.subjectGROWTH PROMOTION
dc.subjectPROPERTY RIGHTS
dc.subjectJUDICIAL REFORM
dc.subjectJOB CREATION POLICIES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectPUBLIC ADMINISTRATION
dc.subjectKNOWLEDGE TRANSFER
dc.subjectCOMPETITIVENESS
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectPUBLIC EXPENDITURES FOR HEALTH
dc.subjectWAGE LEVELS
dc.subjectFISCAL POLICY
dc.subjectGOVERNMENT SPENDING POLICY
dc.subjectSOCIAL SECURITY SYSTEMS
dc.subjectCIVIL SERVICE REFORMS
dc.subjectCOURT PROCEDURES
dc.subjectSMALL CLAIMS COURTS
dc.subjectLEGAL FRAMEWORK
dc.subjectUNEMPLOYMENT RATES
dc.subjectBARRIERS TO ENTRY
dc.subjectLABOR MARKET CHARACTERISTICS
dc.subjectCORPORATE GOVERNANCE
dc.subjectPRIVATIZATION OF PUBLIC ENTERPRISES
dc.subjectDEBT SUSTAINABILITY
dc.subjectEMPLOYMENT CREATION
dc.subjectLAND RIGHTS
dc.subjectHUMAN CAPITAL DEVELOPMENT ACCOUNTABILITY
dc.subjectADMINISTRATIVE REFORMS
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectAIR QUALITY
dc.subjectALTERNATIVE POLICIES
dc.subjectBALANCE SHEET
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL GOODS
dc.subjectCENTRAL GOVERNMENT
dc.subjectCITIZENS
dc.subjectCIVIL SERVICE
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectDEBT
dc.subjectDEMOCRATIZATION
dc.subjectDEVELOPMENT PROJECTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INFORMATION
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE RESTRUCTURING
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL
dc.subjectFISCAL REFORM
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINNOVATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTERVENTION
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIARY
dc.subjectKNOWLEDGE ECONOMY
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR MOBILITY
dc.subjectLACK OF TRANSPARENCY
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKETING
dc.subjectMEMBER STATES
dc.subjectNEW ENTRANTS
dc.subjectPOLICY MAKERS
dc.subjectPOLLUTION
dc.subjectPRESIDENTIAL ELECTIONS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATIZATION
dc.subjectPROPERTY RIGHTS
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC ADMINISTRATION REFORM
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectQUALITY STANDARDS
dc.subjectRECURRENT EXPENDITURES
dc.subjectREGIONAL INTEGRATION
dc.subjectRESEARCH CENTERS
dc.subjectSAVINGS
dc.subjectSCHOOLS
dc.subjectSOCIAL COST
dc.subjectSOCIAL PROTECTION
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSTATE AID
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSUSTAINABLE GROWTH
dc.subjectTERTIARY EDUCATION
dc.subjectTRADE BARRIERS
dc.subjectTRADE FLOWS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRANSPORT
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWASTE
dc.subjectWATER SUPPLY
dc.subjectWORKERS
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleCroatia - Country Economic Memorandum : A Strategy for Growth through European Integration, Volume 2. Main Report

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