Rebalancing Bosnia and Herzegovina

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dc.creatorWorld Bank Group
dc.date2015-11-20T22:09:38Z
dc.date2015-11-20T22:09:38Z
dc.date2015-11-01
dc.date.accessioned2026-07-01T00:42:18Z
dc.descriptionTwenty years after the end of the war, Bosnia and Herzegovina (BiH) has yet to achieve shared prosperity for its citizens and approach European living standards. The country has been at peace since the end of 1995, but its development model needs adjustment if it is to join the ranks of prosperous European economies. BiH has a disproportionately large public sector that dates back to Yugoslav times and has only been partly reformed since, and the constitutional arrangements under the Dayton and Washington Agreements had as their aim the cessation of war rather than the explicit goal of building a viable and efficient state. Financial inflows, particularly aid and remittances, have been fueling consumption-based economic growth. These inflows were important in post-war recovery, and propelled the country back to middle-income status. However, reaching high levels of income, creating prosperity and eliminating poverty will only happen if BiH shifts toward an economic model that builds on international integration, especially with the EU, BiH’s most important trading partner and anchor of institutional reform. BiH needs to rebalance its development model in two fundamental ways in order to succeed. First, it needs to unleash the potential of the private sector while reducing the footprint of the very large public sector. Second, the economy needs to shift from an inward focus driven by local consumption and imports to the potential of international integration through investments and exports. To achieve this country needs more (and larger) companies, vibrant small and medium sized enterprises and a business environment that allows them to grow and expand output, employment, and exports.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25468654/
dc.identifierhttps://hdl.handle.net/10986/23120
dc.identifierhttps://doi.org/10.1596/23120
dc.identifier.urihttp://hdl.handle.net/123456789/409522
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationSystematic Country Diagnostic;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectTARIFFS
dc.subjectCAPITAL MARKETS
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectUNEMPLOYMENT RATES
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectECONOMIC GROWTH
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectPOLICY ENVIRONMENT
dc.subjectCARBON DIOXIDE
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectFOSSIL FUELS
dc.subjectAIR QUALITY
dc.subjectFOREST MANAGEMENT
dc.subjectDISPOSABLE INCOME
dc.subjectCARBON
dc.subjectENVIRONMENTAL PROBLEMS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectPRODUCERS
dc.subjectPROPERTY RIGHTS
dc.subjectBALANCE OF PAYMENTS
dc.subjectFINANCIAL RESOURCES
dc.subjectTIMBER
dc.subjectLABOR FORCE
dc.subjectEMISSIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectREVENUES
dc.subjectENVIRONMENTAL ISSUES
dc.subjectINCENTIVES
dc.subjectMODELS
dc.subjectEMPIRICAL STUDIES
dc.subjectREAL WAGES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectAGRICULTURAL OUTPUT
dc.subjectDEVELOPED COUNTRIES
dc.subjectAUDITS
dc.subjectECONOMIC ACTIVITY
dc.subjectFINANCIAL TRANSFERS
dc.subjectFISCAL POLICIES
dc.subjectARABLE LAND
dc.subjectLABOR COSTS
dc.subjectAIR POLLUTION
dc.subjectCROWDING OUT
dc.subjectOIL
dc.subjectPOPULATION GROWTH
dc.subjectCORPORATE INCOME TAXES
dc.subjectCAPITAL FORMATION
dc.subjectOPTIONS
dc.subjectEXTERNALITIES
dc.subjectGROSS NATIONAL PRODUCT
dc.subjectPOLLUTION LEVELS
dc.subjectLIVESTOCK PRODUCTS
dc.subjectMARKET LIBERALIZATION
dc.subjectOPEC
dc.subjectDEBT
dc.subjectPOLLUTION
dc.subjectFORESTRY
dc.subjectORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
dc.subjectPOLICY DECISIONS
dc.subjectNATURAL RESOURCES
dc.subjectMETALS
dc.subjectSUBSIDIES
dc.subjectEFFICIENCY
dc.subjectTAXES
dc.subjectTAX REFORMS
dc.subjectLAND USE
dc.subjectTEMPERATURE CHANGE
dc.subjectENTITLEMENTS
dc.subjectCAPITAL CONSTRAINTS
dc.subjectGOVERNMENT SECURITIES
dc.subjectRESOURCES
dc.subjectUNEMPLOYMENT
dc.subjectENERGY CONSUMPTION
dc.subjectDEMOGRAPHIC TRANSITION
dc.subjectALTERNATIVE INVESTMENTS
dc.subjectEQUITY
dc.subjectCONSUMPTION
dc.subjectECONOMIC IMPACT
dc.subjectWAGES
dc.subjectCLIMATE CHANGE
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectWATER PRICES
dc.subjectVALUES
dc.subjectMARKET PRICES
dc.subjectCREDIT
dc.subjectQUALITY STANDARDS
dc.subjectPURCHASING POWER
dc.subjectDEFORESTATION
dc.subjectDEMAND
dc.subjectSUSTAINABLE USE
dc.subjectMINES
dc.subjectNATIONAL INCOME
dc.subjectSUSTAINABLE GROWTH
dc.subjectPUBLIC EXPENDITURES
dc.subjectELECTRICITY GENERATION
dc.subjectENVIRONMENTS
dc.subjectEXPENDITURES
dc.subjectPROPERTY
dc.subjectLOGGING
dc.subjectDECISION MAKING
dc.subjectTAX RATES
dc.subjectENVIRONMENT
dc.subjectSECURITIES
dc.subjectENERGY EFFICIENCY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTRADE
dc.subjectLAND
dc.subjectDRINKING WATER
dc.subjectCONSUMPTION PATTERNS
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOAL
dc.subjectFARMS
dc.subjectREVENUE
dc.subjectPRIVATE CONSUMPTION
dc.subjectSULFUR DIOXIDE
dc.subjectHIGH UNEMPLOYMENT
dc.subjectRISK MANAGEMENT
dc.subjectLIVING CONDITIONS
dc.subjectECONOMISTS
dc.subjectTAX REFORM
dc.subjectPROFITS
dc.subjectEMISSION STANDARDS
dc.subjectENVIRONMENTAL
dc.subjectCOST SAVINGS
dc.subjectLABOR MARKETS
dc.subjectPRICES
dc.subjectDEMOGRAPHICS
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIES
dc.subjectPOPULATION DYNAMICS
dc.titleRebalancing Bosnia and Herzegovina
dc.titleA Systematic Country Diagnostic
dc.typeReport
dc.typeRapport
dc.typeInforme

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