( Editorial: --> 0019 )
OPATIJA, Nov 20 (Hina) - A two-day conference of Croatian
economists began in the north-Adriatic tourist resort of Opatija on
Thursday.
The conference is called "Croatia's Economic Policy - What and How
in 1998".
Participants said Croatia needed to transfer from a macroeconomic
stability maintenance policy to an economic development policy.
According to Vladimir Veselica, president of the Croatian
Economists Association, the results of Croatian economic
transition ranged from very good to very poor.
The degree of stability of economic trends was assessed as very
good. Poor assessments referred to a low development rate in
relation to prewar 1989, a low growth rate of the gross domestic
product, a high lack of liquid funds, a low level of investments and
privatization accompanied by big social deviations and tensions.
According to Mato Crkvenac, the realized growth was insufficient
for Croatia's needs.
Zeljko Rohatinski said it was necessary to invest in manufacturing,
since 81,000 out of 177,000 Croatian companies were trading
companies. Up to 70 percent of Croatian economy was in private or
mixed ownership which, he said, caused conflict among individual
and collective interests.
(hina) ha jn
201646 MET nov 97
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