The Competitiveness of the Economy of Bosnia and Herzegovina
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2013, Vol 3, Issue 4
Abstract
The war that happened in Bosnia and Herzegovina (BH) in the period 1992-1995 has decreased the production 80%, and subsequently caused high rates of unemployment. The country`s fragile economy also faced many ups and downs; the output recovered in 1996-99 but slowed in 2000-02, raised again during 2003-08 (GDP growth exceeded 5% per year). Today, World Bank characterizes BH as an upper middle-income country. Bosnia and Herzegovina is a potential EU candidate country that tends to apply EU acquis requirements. According to the Copenhagen criteria, EU candidate countries must be able to prove their capacity to cope with the market forces and competitive pressure within the EU. Unfortunately, the existing surveys show that the competitiveness of BH economy is at much lower level than the rest of EU countries and some candidate countries as well. To be able to define the current state of competitiveness of Bosnia and Herzegovina, this study focuses on the statistical data provided by the GCR (Global Competitiveness Report) of WEF (World Economic Forum) for year 2012-2013.
Authors and Affiliations
Agim Mamuti
Keywords
Related Articles
- EP ID EP126009
- DOI 10.6007/IJARAFMS/v3-i4/384
- Views 100
- Downloads 0
Effects of Use of Derivatives on Financial Performance of Companies Listed in the Nairobi Security Exchange
The New Accounting and the IFRS requests. The Payment Based on Shares (IFRS 2) – Request of the Knowledge Economy
The transactions with payment based on shares represent a payment condition more and more used in the new economy. The transaction may mean either the effective transfer of the capital instruments or the cash settlement...
Determinants of Audit Fees among Public Listed Companies in Malaysia. A Theoretical Model
The purpose of this study is to examine the determinants of audit fees among listed manufacturing companies in Malaysia. A theoretical framework was constructed to test the relationship between audit fee determinants and...
An Assessment of Non-Executive Directors Influence on the Operating Profits of Manufacturing Firms in Nigeria
The debate of whether board composition in the form of representation of non-executive directors may add value to the firm’s performance is widely covered in the corporate governance literature. The main purpose of this...
Analysis of Budgetary and Fiscal Convergence Scenarios for Romania and Bulgaria in the Period 2007-2016
The topic reflects an analysis of Economic and Monetary Union convergence in tax-budgetary system of Romania and Bulgaria. The importance of this theme is underlined by the objective on the integration of the two Europea...