Bosnia and Herzegovina after Five Years of Reconstruction

Josef Pöschl
Authors registered in the RePEc Author Service: Josef Poeschl

No 15, wiiw Country Profile from The Vienna Institute for International Economic Studies, wiiw

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.

Keywords: Bosnia; BiH; economy; reconstruction; aid; Balkan; business; investment; banking (search for similar items in EconPapers)
JEL-codes: K42 O52 P30 (search for similar items in EconPapers)
Date: 1970-01
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