Abstract

Abstract Background: The break-up of Yugoslavia has led to a transition from planned to the market economy. The main task of transition is privatization, which implies transferring most of the former social ownership to private individuals. The privatization process has marked the end of the twentieth century in Croatia and still carries many unanswered questions that have arisen because of the persistent need for privatization in the former, unconsolidated state. Objectives: The main objective of the paper is to make a comparison of respondents’ perception of Croatian privatization in 2018 compared to 1998. The aim is to investigate the similarities and changes in the attitudes of the Croats regarding the privatization processes that Croatia has engulfed in several stages. Methods/Approach: The survey was conducted on a sample of one hundred Croatian citizens about their perception of the privatization process in Croatia in 2018. Results of the survey in 1998 and 2018 were compared using the chi-square test. Results: The respondents in 2018 are convinced that the main goals of privatization have not been realized. Citizens’ distrust towards the system and institutions conducting the privatization process is greater in 2018 compared to 1998. Conclusions: Respondents perception of privatization has not changed significantly concerning the 20-year gap. Dissatisfaction due to the unfulfilled fundamental goals is still present, as is the need for revision of privatization.

Highlights

  • Privatization of the economy is the process of transforming a state-controlled and central planning system into a market system, firmly and consistently based on the principles of private ownership (Bjørnskov and Potrafke, 2011; Čengić, 1995)

  • The peculiarities of the Croatian transition process stem from the ownership structure, which was characterized by the social form of ownership instead of the usual state ownership that dominated the planned economies (Arsov and Naumoski, 2014)

  • Štulhofer (1999) speaks about the inherited obstacles that affect the perception of privatization, distinguishing economic traditionalism that is expressed in older generations which is prone to state paternalism, and one of the characteristics of Croats is the escape from politics because of the perception that it is a dishonest occupation

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Summary

Introduction

Privatization of the economy is the process of transforming a state-controlled and central planning system into a market system, firmly and consistently based on the principles of private ownership (Bjørnskov and Potrafke, 2011; Čengić, 1995). The peculiarities of the Croatian transition process stem from the ownership structure, which was characterized by the social form of ownership instead of the usual state ownership that dominated the planned economies (Arsov and Naumoski, 2014). Objectives: The main objective of the paper is to make a comparison of respondents’ perception of Croatian privatization in 2018 compared to 1998. Methods/Approach: The survey was conducted on a sample of one hundred Croatian citizens about their perception of the privatization process in Croatia in 2018.

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