engleski

Governments and Economies in Transition – Some Early Experiences

The paper analyzes the role of government in transition economies. The following presents some of the ways in which it can operate: in creating the ideal environment for entrepreneurial growth, implying the speedy application of privatization and activation of the financial market, in radically discontinuing with the administration of the economy, in ensuring social stability and finally, in practicing stable, macroeconomic policies. Also looked into are some of the earlier experiences with transitions, especially the effect of economic liberalization on economic growth, inflation, employment, privatization and political freedom. The end deals with specific aspects relative to the transition of the Croatian economy, indicating some open issues which need government intervention in various directions, in order to be solved.

government; economy; transition; economic liberalization

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