Dynamics of the Croatian Economy

Croatia entered the industrialization process that initiated its accelerated growth as a ‘latecomer,’ being late by more than a century. By mostly using its resources for industrial development, Croatia succeeded in doing in 30-40 years after World War II, what it took developed countries 70-90 years to do. Controversial economic events in the pre-transition period, especially in light of the transition recession during the 1990s, have given rise to equally controversial professional discussion and adverse estimates concerning the (lack of) economic development success in this period. Therefore, the best effort would be to establish an analysis founded upon straightforward untempered empirical facts and their possible time frame stratifications. It is hoped that this will be a more objective path to unhindered insight into real growth mechanics