Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic
Twenty 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 a...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25468654/ http://hdl.handle.net/10986/23120 |
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okr-10986-23120 |
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| recordtype |
oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TARIFFS CAPITAL MARKETS CONSUMPTION EXPENDITURES UNEMPLOYMENT RATES GOVERNMENT EXPENDITURES ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT CARBON DIOXIDE ENVIRONMENTAL DEGRADATION FOSSIL FUELS AIR QUALITY FOREST MANAGEMENT DISPOSABLE INCOME CARBON ENVIRONMENTAL PROBLEMS AGRICULTURAL PRODUCTION PRODUCERS PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES TIMBER LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES INCENTIVES MODELS EMPIRICAL STUDIES REAL WAGES SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT DEVELOPED COUNTRIES AUDITS ECONOMIC ACTIVITY FINANCIAL TRANSFERS FISCAL POLICIES ARABLE LAND LABOR COSTS AIR POLLUTION CROWDING OUT OIL POPULATION GROWTH CORPORATE INCOME TAXES CAPITAL FORMATION OPTIONS EXTERNALITIES GROSS NATIONAL PRODUCT POLLUTION LEVELS LIVESTOCK PRODUCTS MARKET LIBERALIZATION OPEC DEBT POLLUTION FORESTRY ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES POLICY DECISIONS NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY TAXES TAX REFORMS LAND USE TEMPERATURE CHANGE ENTITLEMENTS CAPITAL CONSTRAINTS GOVERNMENT SECURITIES RESOURCES UNEMPLOYMENT ENERGY CONSUMPTION DEMOGRAPHIC TRANSITION ALTERNATIVE INVESTMENTS EQUITY CONSUMPTION ECONOMIC IMPACT WAGES CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT WATER PRICES VALUES MARKET PRICES CREDIT QUALITY STANDARDS PURCHASING POWER DEFORESTATION DEMAND SUSTAINABLE USE MINES NATIONAL INCOME SUSTAINABLE GROWTH PUBLIC EXPENDITURES ELECTRICITY GENERATION ENVIRONMENTS EXPENDITURES PROPERTY LOGGING DECISION MAKING TAX RATES ENVIRONMENT SECURITIES ENERGY EFFICIENCY ECONOMIC DEVELOPMENT TRADE LAND DRINKING WATER CONSUMPTION PATTERNS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS REVENUE PRIVATE CONSUMPTION SULFUR DIOXIDE HIGH UNEMPLOYMENT RISK MANAGEMENT LIVING CONDITIONS ECONOMISTS TAX REFORM PROFITS EMISSION STANDARDS ENVIRONMENTAL COST SAVINGS LABOR MARKETS PRICES DEMOGRAPHICS NEGATIVE EXTERNALITIES ECONOMIC CONDITIONS ECONOMIES POPULATION DYNAMICS |
| spellingShingle |
TARIFFS CAPITAL MARKETS CONSUMPTION EXPENDITURES UNEMPLOYMENT RATES GOVERNMENT EXPENDITURES ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT CARBON DIOXIDE ENVIRONMENTAL DEGRADATION FOSSIL FUELS AIR QUALITY FOREST MANAGEMENT DISPOSABLE INCOME CARBON ENVIRONMENTAL PROBLEMS AGRICULTURAL PRODUCTION PRODUCERS PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES TIMBER LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES INCENTIVES MODELS EMPIRICAL STUDIES REAL WAGES SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT DEVELOPED COUNTRIES AUDITS ECONOMIC ACTIVITY FINANCIAL TRANSFERS FISCAL POLICIES ARABLE LAND LABOR COSTS AIR POLLUTION CROWDING OUT OIL POPULATION GROWTH CORPORATE INCOME TAXES CAPITAL FORMATION OPTIONS EXTERNALITIES GROSS NATIONAL PRODUCT POLLUTION LEVELS LIVESTOCK PRODUCTS MARKET LIBERALIZATION OPEC DEBT POLLUTION FORESTRY ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES POLICY DECISIONS NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY TAXES TAX REFORMS LAND USE TEMPERATURE CHANGE ENTITLEMENTS CAPITAL CONSTRAINTS GOVERNMENT SECURITIES RESOURCES UNEMPLOYMENT ENERGY CONSUMPTION DEMOGRAPHIC TRANSITION ALTERNATIVE INVESTMENTS EQUITY CONSUMPTION ECONOMIC IMPACT WAGES CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT WATER PRICES VALUES MARKET PRICES CREDIT QUALITY STANDARDS PURCHASING POWER DEFORESTATION DEMAND SUSTAINABLE USE MINES NATIONAL INCOME SUSTAINABLE GROWTH PUBLIC EXPENDITURES ELECTRICITY GENERATION ENVIRONMENTS EXPENDITURES PROPERTY LOGGING DECISION MAKING TAX RATES ENVIRONMENT SECURITIES ENERGY EFFICIENCY ECONOMIC DEVELOPMENT TRADE LAND DRINKING WATER CONSUMPTION PATTERNS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS REVENUE PRIVATE CONSUMPTION SULFUR DIOXIDE HIGH UNEMPLOYMENT RISK MANAGEMENT LIVING CONDITIONS ECONOMISTS TAX REFORM PROFITS EMISSION STANDARDS ENVIRONMENTAL COST SAVINGS LABOR MARKETS PRICES DEMOGRAPHICS NEGATIVE EXTERNALITIES ECONOMIC CONDITIONS ECONOMIES POPULATION DYNAMICS World Bank Group Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| geographic_facet |
Europe and Central Asia Bosnia and Herzegovina |
| relation |
Systematic Country Diagnostic; |
| description |
Twenty 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. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| title_short |
Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| title_full |
Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| title_fullStr |
Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| title_full_unstemmed |
Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic |
| title_sort |
rebalancing bosnia and herzegovina : a systematic country diagnostic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/11/25468654/ http://hdl.handle.net/10986/23120 |
| _version_ |
1764452959895158784 |
| spelling |
okr-10986-231202021-04-23T14:04:13Z Rebalancing Bosnia and Herzegovina : A Systematic Country Diagnostic World Bank Group TARIFFS CAPITAL MARKETS CONSUMPTION EXPENDITURES UNEMPLOYMENT RATES GOVERNMENT EXPENDITURES ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT CARBON DIOXIDE ENVIRONMENTAL DEGRADATION FOSSIL FUELS AIR QUALITY FOREST MANAGEMENT DISPOSABLE INCOME CARBON ENVIRONMENTAL PROBLEMS AGRICULTURAL PRODUCTION PRODUCERS PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES TIMBER LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES INCENTIVES MODELS EMPIRICAL STUDIES REAL WAGES SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT DEVELOPED COUNTRIES AUDITS ECONOMIC ACTIVITY FINANCIAL TRANSFERS FISCAL POLICIES ARABLE LAND LABOR COSTS AIR POLLUTION CROWDING OUT OIL POPULATION GROWTH CORPORATE INCOME TAXES CAPITAL FORMATION OPTIONS EXTERNALITIES GROSS NATIONAL PRODUCT POLLUTION LEVELS LIVESTOCK PRODUCTS MARKET LIBERALIZATION OPEC DEBT POLLUTION FORESTRY ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES POLICY DECISIONS NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY TAXES TAX REFORMS LAND USE TEMPERATURE CHANGE ENTITLEMENTS CAPITAL CONSTRAINTS GOVERNMENT SECURITIES RESOURCES UNEMPLOYMENT ENERGY CONSUMPTION DEMOGRAPHIC TRANSITION ALTERNATIVE INVESTMENTS EQUITY CONSUMPTION ECONOMIC IMPACT WAGES CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT WATER PRICES VALUES MARKET PRICES CREDIT QUALITY STANDARDS PURCHASING POWER DEFORESTATION DEMAND SUSTAINABLE USE MINES NATIONAL INCOME SUSTAINABLE GROWTH PUBLIC EXPENDITURES ELECTRICITY GENERATION ENVIRONMENTS EXPENDITURES PROPERTY LOGGING DECISION MAKING TAX RATES ENVIRONMENT SECURITIES ENERGY EFFICIENCY ECONOMIC DEVELOPMENT TRADE LAND DRINKING WATER CONSUMPTION PATTERNS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS REVENUE PRIVATE CONSUMPTION SULFUR DIOXIDE HIGH UNEMPLOYMENT RISK MANAGEMENT LIVING CONDITIONS ECONOMISTS TAX REFORM PROFITS EMISSION STANDARDS ENVIRONMENTAL COST SAVINGS LABOR MARKETS PRICES DEMOGRAPHICS NEGATIVE EXTERNALITIES ECONOMIC CONDITIONS ECONOMIES POPULATION DYNAMICS Twenty 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. 2015-11-20T22:09:38Z 2015-11-20T22:09:38Z 2015-11-01 Report http://documents.worldbank.org/curated/en/2015/11/25468654/ http://hdl.handle.net/10986/23120 English en_US Systematic Country Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Country Focus :: Country Assistance Strategy Document Europe and Central Asia Bosnia and Herzegovina |