Dark Age of Economics of Transition: The Case of Bosnia & Herzegovina’s Economic Transition

  • Abstract:

    Bosnia&Hercegovina is in the process of transformation from a previously self-managed economy to a modern market economy since 1996. In this paper we analyze the Economic development strategy of the international institutions imposed on B&H from the point of view: how an economic idea may be counterproductive: economically, politically, and socially. Namely, political and ethnic division between Bosnians made up by Dayton Agreement has been additionally deepened by imposed economic strategy. The Strategy brought about such strange phenomena such is: ethnic privatization and inter-entity trade. Our attitude from the very beginning was that Imposed development strategy under Dayton’s condition had to produce more divergence than convergence both between B&H and its neighbors and B&H and EU.

     

 

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