RELATIVE PRICES AND SOURCES OF GROWTH – COMPARATIVE ANALYSIS -

The study analyzes the problem of relative prices and exchange rate policy as deteminants of ources of growth. The sources of growth have been analyzed in the pretransitional, comparatively to transitional period, specifically for developed countries and Croatia. Deindustrialization has been connected to the currency exchange rate and stabilization policy. It has been applied a comparative method of sorted statistical data and graphic analysis. The
author concludes, that in a twelve-year period Croatia has conducted development strategy of liberal type, and not the policy of recovery and full employment of national resources, what would be more adequate for the first phase of transitional strategy.