The political framework of industrial meltdown in Croatia, 1990-2013

Download

723-4195-1-PB.pdf

Date

2014-12

Author

Mihaljević, Domagoj

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

271
views

140
downloads

In this paper, the writer offers an analysis of a political framework of deindustrialization and seeks to explain the political factors that have shaped and determined the fate of industrial sector in Croatia over the last two decades. The first major blow to industry was disintegration of the Yugoslav state in a bloody war after a decade-long economic stagnation during the 1980s. In Croatia this process was followed by restoration of capitalist mode of production through privatization. Besides the war and privatization processes, the adoption of a stabilization program in 1993, which introduced overvalued fixed exchange rates and encouraged the development of an import-based structure in the economy was even more destructive for industry. After 2000, Croatia fully opened its economy to foreign influence. The structure of economy started to be based essentially on services, with fast-growing retail trade. Foreign-owned banks started to lend money almost exclusively for consumption and residential construction, with the consequence of rising prices of real estate. With the outbreak of global financial crisis, banks closed their credit channels. This led the Croatian economy into a deep recession, which was followed by austerity measures. Accession to the European Union produced another blow to industrial production, with the condition that shipyards must be privatized. Without industrial revitalization and strengthening of economic independence, it is hard to imagine a successful exit from the current economic crisis.

Subject Keywords

Industry, War, Privatization, Financial loans, European Union, Shipbuilding, Crisis, Austerity

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/723
https://hdl.handle.net/11511/58269

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

The theory of capitalism and its ontological foundations: comparative study of Marx and Deleuze&Guattari Kocagül, Volkan; Sol, Ayhan; Department of Philosophy (2006) The main objective of this thesis is to examine the theory of capitalism and its ontological foundations through the major works of Marx and Deleuze&Guattari. In his monumental book called Capital, Karl Marx develops an account of capitalism based on his understanding of philosophy of which takes its roots from Hegel and Feuerbach. Additionally, English political economy and French socialism serve as reliable grounds for Marx’s analysis. In light of the writings of these historical precursors, Marx constitu...
THE REGIONALIZATION DILEMMA OF TURKISH FOREIGN POLICY IN THE 1990s: THE SYSTEMIC IMPACT APPROACH IN MIDDLE POWER THEORY Topal, Merve; Tür Küçükkaya, Özlem; Department of International Relations (2021-10-26) This dissertation aims to explain the compelling impact of the rising regional issues in the post-1990s on Turkey's middle power status through the lenses of the systemic impact approach in middle power theory and the regionalization concept. The Systemic Impact Approach takes systemic influence as the essential indicator of the middle power status and provides an outcome-oriented perspective on middle powers. This thesis first explains Turkey’s rise to middle power status as it adopted its foreign policy t...
A Critical survey on four distinctive approaches over the causes of the recent global crisis Düzçay, Güney; Cömert, Hasan; Department of Economics (2013) This thesis aims to comprehend the causes of the global crisis of 2007/08 in a coherent way by elaborating on four distinctive approaches over the causes of the crisis. These approaches consist of financial system-related explanations, in which innovations, regulatory problems and incentives problem are focused on; monetary-policy-based explanations; global-imbalances-based explanations; and finally long-term structural-problems-based explanations. The main findings of this thesis are as follows. Financial ...
The Greek political elite and the European identity: impact of the debt crisis Çengel, Esra; Ünlü Bilgiç, Tuba; Department of European Studies (2018) This thesis aims to analyze the possible impact of the 2008 Greek Debt Crisis on the Greek elites’ perception of belonging to the European identity. It will argue that the 2008 Debt Crisis has negatively affected the Greek elites’ perception of identity. It is assumed that this negative change has been reflected in their discourses throughout the crisis. Therefore, this thesis will try to demonstrate the change through discourse analysis of the political elites’ speeches from 2002 to 2015. In doing so, it w...
The Mediterranean and eastern enlargement of the European Union: a comparative study on the evolving EU acquis communautaire / Kimençe, Duygu; Kahraman, Sevilay; Department of International Relations (2014) The main focus of this thesis is analyzing the Mediterranean enlargement and the Eastern enlargement of the European Union by utilizing Frank Schimmelfennig's rhetorical entrapment theory. The admission of Greece to the Community in 1981 on political grounds which aimed to support the country's transition to democracy after the regime of the Colonels between 1967-1974 and the Community's own efforts in the same era to transform the integration project into a noble enterprise based on rights and values had s...

Citation Formats

D. Mihaljević, “The political framework of industrial meltdown in Croatia, 1990-2013,” ODTÜ Gelişme Dergisi, vol. 41, no. 3, pp. 349–370, 2014, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/723.