Abstract
The crisis represents a disorder that in contemporary society increasingly occurs. Crises are often the result of some earlier solutions. The situation in agricultural production in Croatia has been negative for years. Inadequate tax and high administrative burdens act to discourage the production process and impede the competitiveness of farmers. Furthermore, the measures taken to create added value are not enough, they can even be said to be wrong. The current crisis Covide-19 caused a disturbance on the market in terms of trends of supply and demand. The crisis period will show whether the country has an adequate strategy to overcome all the economic problems ahead. The aim of this paper was to analyze the readiness of the Republic of Croatia for crisis periods in terms of food security by analyzing the volume of agricultural production, the balance of foreign trade of agri-food products as well as the structure of total agri-food product trade. The determined trend of increasing deficits in agri-food products in foreign trade balance, particularly with EU countries implies the state's unenviable position regarding the food security indicating the need for implementation of adequate measures in the direction of the market organization and to facilitate investment in sustainable agriculture production systems.
Highlights
Recessions and crises as phases of economic cycles in the real sector are mostly explained by the accumulated imbalances in the underlying macroeconomic aggregates over time, but it does not explain why these imbalances occur at all [1]
Comparison of import and export value in Croatia for year 2018 is presented in the Figure 1
According to the value of export-import ratio, agricultural products were exported in amount of 336.26 million of Euro, while agricultural products were imported in amount of 466.75 million of Euro, which represents a deficit of 130.49 million of Euro
Summary
Recessions and crises as phases of economic cycles in the real sector are mostly explained by the accumulated imbalances in the underlying macroeconomic aggregates over time, but it does not explain why these imbalances occur at all [1]. Emerging market economies are facing the outflow of foreign capital, which was especially pronounced at the time of the previous economic crisis. Such countries have experienced a weakening of their currencies, even at double-digit rates. Because of the threat to the life and health of people, states have adopted measures restricting the movement of people, but in this context, industry is suffering. This prevents the movement of capital, the workforce, the smooth circulation of money and other economic activities that are part of everyday life. The crisis, which threatens to affect individual countries but
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
