Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
Journal Title: Acta Economica - Year 2015, Vol 13, Issue 22
Abstract
Poor economic and social situation in Bosnia ane Herzegovina; high unemployment rate, stagnation of GDP, week export/import ratio, uncultivated agricultural land, lack of domestic and foreign investments, all is pointing to importance of proffesional answering to the questionin what condition is business environment in Bosnia and Herzegovina, which is the essence of the research problem in this paper. Using the methods of analysis, deduction and induction, based on World Bank’s publication „Doing Business” and other relevant data sources, this paper has undoubtedly confrmed main research hypothesis: The business environment in BiH is in poor condition and is among the worst in the region. Using the same methods, we have also confrmed supporting hypothesis: The political factor and political instabilityare major obstacles to the development of the business environment in BiH. In the last part of the paper, are given generalrecommendations for improving the economy and business environment in BiH.
Authors and Affiliations
Миро И. Џакула, Бојан Ј. Данон
Keywords
Related Articles
- EP ID EP43809
- DOI https://doi.org/10.7251/ACE1522191D
- Views 248
- Downloads 0
Business Incubators
Business incubators are the acceptible form of state interference in entrepreneurship development, i.e., interference the state in proces of private owned business establishing and growing i order to prevent the numerous...
ANTI-CRISIS VAT POLICY AND COMPLIANCE WITH THE TAX NEUTRALITY PRINCIPLE
The fundamental assumption of theoretical VAT model lies on neutrality of VAT taxation in relation to economic position of taxpayers. Although highly relevant for removing fiscal barriers and competitiveness of national...
Macroeconomic (in)stability of Bosnia and Herzegovina – crisis: opportunities or limitations
The answer to the question of whether global processes manifested in the form of financial crisis, are opportunities or limitations for the development of the national economy requires two basic assumptions: – Knowledge...
THE CORPORATION MANAGEMENT
A corporation as an economic organization is a joint-stock company that can be created as a European company on the basis of a contract regulating foundation of at least two legal subjects as an investment of capital. It...
Establishing indicators and causes of business failure
Business failure provokes negative implications on economic and social situation in the country. The company’s downfall starts with the lack of action due to failure as to problem identifcation on one hand, or due to the...