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5 Stages of Economic Development - Coggle Diagram
5 Stages of Economic Development
Industrial and railway period
The construction of railways, the development of transport, trade and tourism
About 100 000 industrial workers
Foreign capital exploits forests and cheap labour force
Small industries, weak purchasing power, lack of domestic capital
Trade and manual work (-1870)
The isolated, autarkic agriculture and feudalism until 1848
Development centers: Zagreb, Karlovac, Varaždin, Osijek, Split, Rijeka, Pula
Manufacture, based on in the industry of HM
Period between wars
Global economic crisis (1929.-1933.)
Loss of Istria, Rijeka and Zadar
Economic stagnation and political subordination in Yugoslavia
Progress in the development of industry, tourism and transport and 200 000 industrial workers
Period of economic transition
The surplus of unemployed and pensioners, brain drain
Construction of roads, development of tourism
Outdated technology, privatization (conversion, tycoonization)
Use the wealth of natural resources, invest in education
A market economy, war, reduced production and number of employees
Period of socialist development
Failed investment (Obrovac)
The surplus of workers, high production costs, no competition, monopoly
Centralized Economy (Beograd)
By the 80's taking foreign loans, and debt repayment crisis
Deruralisation, deagrarisation, urbanization
The economic stagnation, inflation and monetary
Reconstruction of infrastructure and industrialization
Progress in the development of industry, trade, tourism and transport