The impact of globalization on the economy of the Republic of Croatia

Globalization and globalization processes that have been particularly noticeable in the last few decades have made an impact on the transfer of power centres and have significantly changed the geopolitical picture of the world. In order to affect globalization, its impact must be measured, but the f...

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Main Author: Dražen Holmik
Format: Article
Language:English
Published: Faculty of Economics and Business in Osijek 2019-01-01
Series:Ekonomski Vjesnik
Subjects:
Online Access:https://hrcak.srce.hr/file/323681
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author Dražen Holmik
author_facet Dražen Holmik
author_sort Dražen Holmik
collection DOAJ
description Globalization and globalization processes that have been particularly noticeable in the last few decades have made an impact on the transfer of power centres and have significantly changed the geopolitical picture of the world. In order to affect globalization, its impact must be measured, but the first precondition is to understand globalization in order to be able to properly measure it at all. Measuring a complex phenomenon such as globalization requires the inclusion of a number of elements on which measuring will be based, such as measuring the social, economic, political and ecological dimensions of globalization. Certain elements of globalization are harder to measure because the indicators involved in each element are not entirely appropriate. Economic globalization is mostly made up of economic indicators that are unequivocal and comparable, while social or political globalization is determined by indicators that depend on economic strength and state development. Globalization processes have significantly influenced the economy of the Republic of Croatia as well as the state of the environment. Th e aim of the paper is to provide a comprehensive overview of the globalization trends within the Croatian economy as well as a comparison between the Croatian economy and the economies of neighbouring countries that have had a similar transition path based on the composite globalization index. In this paper, a regression analysis of individual elements within the composite globalization index was conducted.
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spelling doaj.art-33aa8d4a17fa4432a48db57f00edad492024-02-02T14:37:06ZengFaculty of Economics and Business in OsijekEkonomski Vjesnik0353-359X1847-22062019-01-013213753The impact of globalization on the economy of the Republic of CroatiaDražen Holmik0Croatian Chamber of Economy, Zagreb, CroatiaGlobalization and globalization processes that have been particularly noticeable in the last few decades have made an impact on the transfer of power centres and have significantly changed the geopolitical picture of the world. In order to affect globalization, its impact must be measured, but the first precondition is to understand globalization in order to be able to properly measure it at all. Measuring a complex phenomenon such as globalization requires the inclusion of a number of elements on which measuring will be based, such as measuring the social, economic, political and ecological dimensions of globalization. Certain elements of globalization are harder to measure because the indicators involved in each element are not entirely appropriate. Economic globalization is mostly made up of economic indicators that are unequivocal and comparable, while social or political globalization is determined by indicators that depend on economic strength and state development. Globalization processes have significantly influenced the economy of the Republic of Croatia as well as the state of the environment. Th e aim of the paper is to provide a comprehensive overview of the globalization trends within the Croatian economy as well as a comparison between the Croatian economy and the economies of neighbouring countries that have had a similar transition path based on the composite globalization index. In this paper, a regression analysis of individual elements within the composite globalization index was conducted.https://hrcak.srce.hr/file/323681globalizationcomposite globalization index, regression analysisRepublic of Croatia
spellingShingle Dražen Holmik
The impact of globalization on the economy of the Republic of Croatia
Ekonomski Vjesnik
globalization
composite globalization index, regression analysis
Republic of Croatia
title The impact of globalization on the economy of the Republic of Croatia
title_full The impact of globalization on the economy of the Republic of Croatia
title_fullStr The impact of globalization on the economy of the Republic of Croatia
title_full_unstemmed The impact of globalization on the economy of the Republic of Croatia
title_short The impact of globalization on the economy of the Republic of Croatia
title_sort impact of globalization on the economy of the republic of croatia
topic globalization
composite globalization index, regression analysis
Republic of Croatia
url https://hrcak.srce.hr/file/323681
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