GLOBAL FINANCIAL CRISIS – STUMBLICK BLOCK OR OPPORTUNITY FOR BOSNIA AND HERZEGOVINA ON THE ROAD TO EUROPEAN UNION

Authors

  • Маријана П. Милић, M.Sc. USAID PARE project

Keywords:

global financial crisis, agreement on stabilization and accessions, macroeconomic policy, Western Balkan’s countries, institutional underdevelopment, Global Competitive Index

Abstract

Utilization of global financial crisis as an opportunity for Bosnia and Herzegovina to appraise its position on a transformation path from centrallyplanned economy to market oriented economy within the signed agreement on Stabilization and Association (SAA) to EU has been discussed in this paper. Having in mind that a macroeconomic policy worsened, one of the greatest weaknesses of B&H has been presented, insufficient institutional development. By its resolving or strengthening may take B&H to more favorable position in comparison with other countries of Western Balkan, countries that signed SAA, in order to enable faster and safer road to the EU accession. By qualitative and quantitative methods the paper has been put in a wider contest using Global Competitive Index.

Downloads

Download data is not yet available.

References

Acemoglu, D., S. Johnson, J. Robinson, and Y. Thaicharoen. 2003. “Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth.” Journal of Monetary Economics 50 (1): 49-123

De Soto, H. 2000. The Mystery of Capital, New York, Basic Books

EU comparative analysis

IMF Survey, Emerging Europe, Bosnia and Herzegovina: On the Road to EU Accession

Shiefer, A. and R. Vishny. 1991. “Corruption”. Quarterly Journal of Economics 109 (3): 599-

The Global Competitiveness Report 2008-2009

Downloads

Published

2009-06-30

How to Cite

П. Милић, М. (2009). GLOBAL FINANCIAL CRISIS – STUMBLICK BLOCK OR OPPORTUNITY FOR BOSNIA AND HERZEGOVINA ON THE ROAD TO EUROPEAN UNION. Acta Economica, 7(10), 373–385. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/245

Issue

Section

Review article