Record Details

Washington Economic Agreement and the Implementation of Structural Policies in Bosnia and Herzegovina

Sarajevo Journal of Social Sciences: Inquiry

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Title Washington Economic Agreement and the Implementation of Structural Policies in Bosnia and Herzegovina
 
Creator Đapo, Edita
Riđić, Ognjen
 
Subject —
Washington Consensus; Structural Policies; Bosnia and Herzegovina
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Description The Washington Consensus (WC) development approach
consists of three macroeconomic and seven structural policies
for transitional transformation of the economy. Proper
implementation of the structural policies was important for
qualitative changes in the economy. In this paper, we will
explain and evaluate the implementation of seven structural
policies, being: improvement of the legal system and governance,
privatization, foreign direct investment (FDI), deregulation,
redirecting public expenditures, trade liberalization and tax
reform, over time. This paper will also make comparisons with
other transitional countries in the region, in order to draw the
lessons and make recommendations for the future development
of B&H. It can be concluded that B&H has been stagnating in
its economic development, and that B&H’s government must
improve its tax system, governance, engage in the fight against
corruption, speed up the business deregulation and privatization
in order to accelerate the economic growth.
 
Publisher International University of Sarajevo
 
Contributor —
 
Date 2016-01-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://inquiry.ius.edu.ba/index.php/Inquiry/article/view/28
10.21533/isjss.v1i2.28
 
Source Inquiry; Vol 1, No 2 (2015)
2303-7105
2303-7105
10.21533/isjss.v1i2
 
Language eng
 
Relation http://inquiry.ius.edu.ba/index.php/Inquiry/article/view/28/16
10.21533/isjss.v1i2.28.g16
 
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Rights Copyright (c) 2016 Edita Đapo, Ognjen Riđić