Croatia has begun to develop a strategy for\njoining the Eurozone within a timeframe of five to seven years. Entry into the Eurozone poses considerable economic,\nlogistical and political challenges. Croatia\nwill need to prepare for the exchange of its national currency for the Euro and\nundertake various structural reforms in order to achieve a successful entry and\nget the maximum benefit from its membership. \nIndeed, the European Commission already has presented Croatia with a set\nof Country Specific Recommendations (CSRs) to help guide it in its planning\nprocess. <\/p>\n\n\n\n
Entry into Eurozone has resulted in positive\neconomic performance in some countries (e.g., Slovakia) whereas others have\nexperienced prolonged economic woes (e.g., Greece). Why is that the case? What are the reasons behind their success or\nfailure? Were there particular reforms implemented\nbefore the introduction of the Euro that had a decisive impact? This two-day workshop organized by the Prime\nMinister\u2019s Office, Luksic Scholars, and The Center on Global Economic\nGovernance to be held on May 13 & 14, 2019 explores these questions in\norder to assist Croatia as it moves toward entry into the Eurozone. <\/p>\n\n\n\n
The workshop consists of three\nsegments. Part one will provide the participants\nwith the analytical and conceptual framework required to understand how the\nEurozone functions. Three sessions examine\nthe broad policymaking context, the monetary and banking unions, and fiscal\npolicy and the investment and business environment in the Eurozone. <\/p>\n\n\n\n
Part two analyze the experiences of countries\nthat offer Croatia insights into its entry into the Eurozone using the CSRs as\na practical focal point. The first session\ncompares Slovakia and the Czech Republic, countries that chose to join and not join\nthe Eurozone, respectively. Slovakia\nentered the Eurozone with a slightly overvalued exchange rate but carried out a\nseries of economic reforms that permitted it to become competitive and, on several\neconomic indicators, overtake its neighbor. The Czech Republic satisfied most entry\ncriteria as early as 2000, but for political reasons has opted not to initiate\nthe entry process. In the meantime, it\nhas carried out fewer reforms than Slovakia and experienced slower economic\ngrowth. The second session contrasts\nEstonia and Greece, countries that have had wildly divergent outcomes from\nEurozone membership. Estonia implemented\na series of critical reforms, including the creation an advanced form of\ne-government, and it has taken full advantage of being part of the Eurozone. Greece, in turn, lacked the political\nwherewithal to carry out a series of needed economic reforms and, with its\ninability to devalue a national currency, gradually lost competitiveness within\nthe framework of a single currency; its subsequent troubles are well\nknown. <\/p>\n\n\n\n
Part three concentrates on leadership\ntraining with an emphasis on communication. \nEffective leadership is an indispensable component of an efficient\npublic administration and will be critical in carrying out necessary reforms in\nthe lead up to Croatia\u2019s entry into the Eurozone. The first session explores the concept and\nsources of leadership in general terms and its central role in bringing about\nchange. The second examines how public\nagencies can reach out to key stakeholders, communicate their intentions and\nplans effectively, and win public backing for their initiatives. It explores cases of success and failure in\ninforming citizens of government policies and gaining their support. The final wrap up session will be dedicated\nto reflecting on how the lessons learned throughout the workshop may be applied\nto Croatia.
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Croatia has begun to develop a strategy for joining the Eurozone within a timeframe of five to seven years. Entry into the Eurozone poses considerable economic, logistical and political challenges. Croatia will need to prepare for the exchange of its national currency for the Euro and undertake various structural reforms in order to achieve a […]<\/p>\n","protected":false,"has_excerpt":false},"featured_media":0,"parent":0,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-2367","ls-event","type-ls-event","status-publish","hentry"],"acf":{"date_start":"2019-05-13 08:30:00","date_end":"2019-05-14 17:00:00","timezone":"GMT - Greenwich Mean Time (GMT)","list_description":"","location":"TBC","organized_by":"Prime Minister\u2019s Office of the Republic of Croatia, Luksic Scholars, Columbia SIPA","is_private":false,"is_portal_event":false,"related_scholar":false,"target_description":"","registration_instructions":"","reject_event":false,"external_link":"","external_email":"","external_use":"url"},"yoast_head":"\n