Quo vadis Croatia?

The functioning of the economic system of Croatia becomes more and more complex, and the most current is the question of economic development dynamics. The complex mechanisms of monetary and credit policy and functioning of financial markets deserve a special attention. The goal of every economy including the Croatian economy is to realize cyclic economic movements. A question of allocation of inadequate and restricted available resources whose fundamental goal is the revival of economic activity and acceleration of economic growth is crucial for Croatia. "Model of comatose economy" cannot be orientation in leading the economic policy of the Republic of Croatia. Economic policy must be in the function of those tasks and objectives which by its nature intrude themselves upon as priority in further phase of development, what means that economic policy must be always active. This has been emphasized due to the appearance of some fluctuations about the role and place of active economic policy which denies by its character the role and significance of market mechanisms in the functioning of economic system. For Croatia, accelerated economic growth is the central economic and political goal which should be reached in the forthcoming period. It is necessary to move again the economic and other potentials. It is a question of the necessity for Croatia to initiate a new investment cycle which would bring to relatively high growth rates of gross national product of 10-12 percent yearly. That should ensure a decrease of unemployment rate and achieve other defined economic, social and political preferences. Croatia can base its accelerated economic growth upon three mutually correlated components: economy of Croatian supply and demand and developed industrial structure. (SOI : EP: S. 623)