Some Features of Deindustrialisation in EU15 During the Period 1999-2004: A Multivariate Analysis

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“…In this part we will present only studies that directly or indirectly related Croatia with the processes of financialization and deindustrialization. On an international level, Davì (2018) analyzed the EU15 countries within the period 1994-2004 with a multivariate analysis indicating that main factors responsible of the dynamics of deindustrialisation have been efficiency and the scale of production processes in various manufacturing activities. Andreoni and Tregenna (2018) accentuated that premature deindustrialization is a threat to low-and middle-income countries as it shrinks their opportunities for technological development, and their capacity to add value in global value chains and tradable sectors, putting Croatia in a group of countries in which share of manufacturing in total employment decreased (2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015) and the share of manufacturing in total employment is higher than predicted.…”