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Bosnia and Herzegovina after Five Years of Reconstruction

Author

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  • Josef Pöschl

Abstract

Even under favourable conditions economic recovery will take time in Bosnia-Herzegovina (BiH). Economically, the country will probably remain on the track that it is already running down. A miracle in terms of GDP, income and employment growth is unlikely, given that no change in the handling of economic matters is in sight. It would be misguided to hope that recent developments such as the abolition of the former accounting system and the ongoing deregulation of companies will yield swift gains. On the contrary, both programmes will lead to disruptions in the short term, and the achievement of positive results will take a number of years. The issue of kick-starting economic recovery in the Balkans remains very much an item on the agenda. Over the next few years, the experience gained in Bosnia and Herzegovina should benefit the region as a whole.

Suggested Citation

  • Josef Pöschl, 1970. "Bosnia and Herzegovina after Five Years of Reconstruction," wiiw Country Profile 15, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:cprofi:15
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    More about this item

    Keywords

    Bosnia; BiH; economy; reconstruction; aid; Balkan; business; investment; banking;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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