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

Mladen Verdris and Ruzica Simic
Additional contact information
Ruzica Simic: Faculty of Law in Zagreb

Interdisciplinary Management Research, 2008, vol. 4, 13-33

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.

Keywords: economic growth; business efficiency; structural reforms; institutional framework; competitiveness; international environment of the European Union. (search for similar items in EconPapers)
JEL-codes: E3 F2 F4 O5 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.efos.hr/repec/osi/journl/PDF/Interdisci ... searchIV/IMR4a01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osi:journl:v:4:y:2008:p:13-33

Access Statistics for this article

More articles in Interdisciplinary Management Research from Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia Contact information at EDIRC.
Bibliographic data for series maintained by Hrvoje Serdarusic, PhD ( this e-mail address is bad, please contact ).