STRENGHTS WEAKNESSES OPPORTUNITIES THREATS GOVERNMENT Low costs and Wasteful budgetary Improving the ethics, Political threat of spending, low public increasing changes. INSTITUTIONS terrorism, trust in politicians, lack transparency, crime and of transparency, introducing violence. regulative burden on informatisation. business freedom. INFRA- Well developed Underdeveloped local Increasing investments STRUCTURE highway roads, lack of in ports, railways, and sustainable planning. airports and other transportation infrastructure. MACRO- Low annual Low GDP growth rate, Decreasing Volatile ECONOMIC inflation rate. slow recovery from accumulated external ENVIRONMENT global crisis. government debt, environment, decreasing trade fiscal balance deficit. vulnerability. HIGHER Competitive Low awailability of Educational reform EDUCATION AND advantages are research and training focused on flexible TRAINING mathematics services. skills based curriculum. and science education. GOODS Short business Expensive agricultural Reducing standard VAT registration policy, overregulated rate, developing MARKET EFFICIENCY period, business environment, business climate, relatively low weak local protection against profit taxation. competition. monopolies and cartels, implementing privatisation. LABOR drain“. Increasing labor Political „Brain MARKET market flexibility by changes. EFFICIENCY easy rule on hiring and firing workers. FINANTIAL Low venture capital Easier loan acess for External MARKETS availability. entreprenurial AND activities and DEVELOPMENT investments. TECHNO- Low technology Increasing forreign LOGICAL absorption in firms. direct investment for READINESS new technologies. BUSINESS Low number of quality Cluster development, SOPHISTICATION suppliers, low specialisation, production process establishing economic sophistication. diplomacy. INNOVATION Quality of Low level of Developing closer ties scientific industry collaboration between and research in research. university. institutions. Source: made by authors CROATIA SWOT
STRENGHTS WEAKNESSES OPPORTUNITIES THREATS GOVERNMENT INSTITUTIONS Low costs and threat of terrorism, crime and violence. Wasteful budgetary spending, low public trust in politicians, lack of transparency, regulative burden on business freedom. Improving the ethics, increasing transparency, introducing informatisation. Political changes. INFRA- STRUCTURE Well developed highway and Underdeveloped local roads, lack of sustainable planning. Increasing investments in ports, railways, airports and other transportation infrastructure. MACRO- ECONOMIC ENVIRONMENT Low annual inflation rate. Low GDP growth rate, slow recovery from global crisis. Decreasing accumulated government debt, decreasing trade balance deficit. Volatile external environment, fiscal vulnerability. HIGHER EDUCATION AND TRAINING Competitive advantages are mathematics and science education. Low awailability of research and training services. Educational reform focused on flexible skills based curriculum. GOODS MARKET EFFICIENCY Short business registration period, relatively low profit taxation. Expensive agricultural policy, overregulated business environment, weak local competition. Reducing standard VAT rate, developing business climate, protection against monopolies and cartels, implementing privatisation. LABOR MARKET EFFICIENCY „Brain drain“. Increasing labor market flexibility by easy rule on hiring and firing workers. Political changes. FINANTIAL MARKETS AND DEVELOPMENT Low venture capital availability. Easier loan acess for entreprenurial activities and investments. External TECHNO- LOGICAL READINESS Low technology absorption in firms. Increasing forreign direct investment for new technologies. BUSINESS SOPHISTICATION Low number of quality suppliers, low production process sophistication. Cluster development, specialisation, establishing economic diplomacy. INNOVATION Quality of scientific research institutions. Low level of collaboration in research. Developing closer ties between industry and university. Source: made by authors CROATIA SWOT
Transport-and-Logistics-in-Croatia-2016.docx