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Business Efficiency - Ranking the Republic of Croatia as a Destination in Regional, European and Global Environment

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  • Mladen Verdris
  • Ruzica Simic

    (Faculty of Law in Zagreb)

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    Abstract

    Since the beginning of this decade, which corresponds to the processes of an accelerated political, social and economic opening to the European and global environment, the Republic of Croatia has become aware of the need for deep reforms to enable the creation of permanently sustained success of its national economy. In this context, the creation of conditions for efficiency in existing business entities, and the shaping of new and effective institutions, is becoming the central question for all of the necessary changes. It is also the same from the aspect of success in achieving individual reforms and their synergistic power and value. Besides subjective value judgments and a feeling about the degree of change that has been achieved, objective parameters of success are measured and observed in individual value scales that have become generally accepted regional, European and global standards. Since 1979, one standard has been the ranking of the World Economic Forum (WEF), in which Croatia has been included 2002. Croatia has been included n the rankings of the IMD rankings, which began in 1989, since 2006. At the same time, Croatia’s position has begun to be evaluated in other important rankings that measure the effectiveness of individual countries, such as Doing Business (the World Bank), the Index of Economic Freedom (the Heritage Foundation), the Bertelsmann Transformation Index (Bertelsmann Foundation), the Corruption Perceptions Index (Transparency International), the Global Entrepreneurship Monitor (London Business School and Babson College), which are the leading and most recognized in a social and economic context.

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    Bibliographic Info

    Article provided by Faculty of Economics in Osijek, Croatia in its journal Interdisciplinary Management Research.

    Volume (Year): 4 (2008)
    Issue (Month): (May)
    Pages: 13-33

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    Handle: RePEc:osi:journl:v:4:y:2008:p:13-33

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    Related research

    Keywords: economic growth; business efficiency; structural reforms; institutional framework; competitiveness; international environment of the European Union.;

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