EFFECTIVE MANAGEMENT OF STATE PROPERTY AS PREREQUISITES FOR ECONOMIC DEVELOPMENT

Zeljko Pozega (), Boris Crnkovic () and Ana Zivkovic ()
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Zeljko Pozega: Josip JurajStrossmayer University of Osijek, Faculty of Economics
Boris Crnkovic: Josip JurajStrossmayer University of Osijek, Faculty of Economics
Ana Zivkovic: Josip JurajStrossmayer University of Osijek, Faculty of Economics

Economy of eastern Croatia yesterday, today, tommorow, 2014, vol. 3, 418-426

Abstract: The economic crisis that has affected world since 2008 year until today showed, with the need to change the ways of functioning of the private sector, the pressing need for fundamental changes in the manner of functioning of the public sector.Inertia and inefficiency of the public sector in any case do not contribute to overcoming the economic crisis and the orientation to the principles of new public management both worldwide and in Croatia is necessary.New public management involves the introduction of values and principles of the private sector to the public sector in order to improve the competitiveness of the economy as a whole. Accordingly, efficiency, economy and effectiveness should be the basis of the functioning of the public sector.Effective management of state property is certainly the assumption of an efficient public sector and the assumption of rapid economic development.In Croatia, in spite of privatization, the state still owns the assets of great value in the form of stocks and shares in companies and real estate.State property management of the Republic of Croatia has so far been characterized by non-transparency and inefficiency with the constant changes of the legal framework and institutional forms of state property management.This lack of transparency was fertile ground for the development of numerous corruptions and misuse of state property management system.The aim of this paper is to show the possibilities of efficient management of state property as a prerequisite for economic development.

Keywords: new public management; public property; state property management; economic development (search for similar items in EconPapers)
Date: 2014
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