Bosnia and Herzegovina, Slow Way to Economic Development
|Author:||Mgr. Lejla Četojevič|
|Year:||2002 - summer|
|Leaders:|| doc. Ing. Karel Půlpán CSc.
|Work type:|| Economic Policy
|Awards and prizes:|
|Abstract:|| The diploma thesis Bosnia and Herzegovina, Slow Way to Economic Development pays attention to the privatisation process in BIH which, due to war conflict, started at the end of the 90ies, i.e. somehow later than in most countries of East and Central Europe. This work aims at assessing the selected privatisation models and point out the most important factors influencing the whole process much.
The first part of the work describes the environment in which the economic transformation takes place and shows the adverse starting conditions in the form of war-worn economy.
The second part of the work follows the chosen privatisation models in the Federation BIH and in the Republika Srpska. It shows the privatisation targets, problems that emerged at the very beginning, and humble actual results of privatisation.
The third part of the work is devoted to various factors influencing the privatisation process. The essential factor is the mass privatisation method chosen. The author aims to find an answer to the question whether there was an alternative when the privatisation process strategy was chosen.
Stress is placed to other factors, such as the adverse social situation caused partially by he fact that the privatisation revenues fail to cover the social programme. The author also tries to show that the privatisation process is influenced by slow institutional changes and that small inflow of capital has been caused by the divided economic space and inexistence of state institutions in the role of market economy guardians