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World Economy Crisis and the Possible Impacts It Might Have on Bosnia and Herzegovina

Author

Listed:
  • Adnan Rovcanin

    (Faculty of Economics, University of Sarajevo)

  • Amira Kozaric

    (Faculty of Economics, University of Tuzla)

Abstract

At the end of 20th and the beginning of 21st century, the international community, through various forms of action plans and ambitious steps, has engaged itself to solve problems of the birth and wide increase of instability of global economy, that many countries stages of development and transitional economy have faced. Nevertheless, the results of this have not been very impressive. The concern still exists that the new and even worse global recessions will take place as well as the wide spread of global instabilities on the international markets. As far as it looks, situation is more serious than the governments are ready to admit. The economists and world leaders are greatly presenting pessimism because of those issues. The uncertainties on the markets, globally looked at, are staying very great. In conditions like those, discussions will be focused on what steps should be taken to soften the risks at the financial markets and how the instability, that describe the world economy in the 21st century, could decrease. Hence the first part of this paper is discussed the current situation as well as the modern problems that the global economy faces, where the combinations are made from available information about modern discussions about international economic relations, global economy and crisis, so that all the actors of the global financial system are ready to asses the global future options and their possible impact on their lives. Special focus in this research, as the second part of the paper, is put on Bosnia and Herzegovina, a transitional country in development stage, that lies in very poor economic state and which is threatened by a big blow of world instabilities and crisis.

Suggested Citation

  • Adnan Rovcanin & Amira Kozaric, 2009. "World Economy Crisis and the Possible Impacts It Might Have on Bosnia and Herzegovina," Economic Analysis, Institute of Economic Sciences, vol. 42(1-2), pages 65-78.
  • Handle: RePEc:ibg:eajour:v:42:y:2009:i:1-2:p:65-78
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    Keywords

    Instability of global economy; emerging crisis; global economic recession; Bosnia and Herzegovina;

    JEL classification:

    • F0 - International Economics - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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