Dijana Pleština

1 month ago | britannica.com | Dijana Pleština |John Lampe

Croatia - Economy, Tourism, Agriculture: Following the demise of communism in Croatia in 1990, the Croatian government began a course of restructuring the economy from the Yugoslav system of socialist self-management to market-oriented capitalism. This required such measures as the sale of state-owned enterprises to private owners, the establishment of functioning markets, and the creation of stable prices, interest rates, and currency. The accomplishment of these tasks proved difficult, largely because of the destabilizing effects of war. The war not only deterred foreign investment, which was a crucial motor of economic growth and structural change in other central and eastern European countries, but also damaged