engleski

Management and politicians in B-H slow down transition and economic development

Bosnia and Herzegovina is in a very difficult social and economic crisis with the tendency to be continued, unless the processes of transition and privatization is fastened. Even after eight years of post war period and several billion dollars invested into reconstruction and development, the economy in Bosnia and Herzegovina has not reached 50% of its development before the war. It would probably take a long time until we reach the level of the year 1991.Therefore, Bosnia and Herzegovina offers very little to young people who cannot wait for a long time to find a job. They are leaving their country to earn for bread all over the world. We are aware that there is no future without young people. In the transition period, the old, state- planned, self -management system has been suspended but a new system of market economy has not been built so that some temporary and specific laws and rules of behavior have been applied and they are still “ valid”. The problem is when those laws and rules are convenient for the management in enterprises and for influential political groups or individuals to reach their aims and so that they are not in a hurry to carry out the transition and privatization processes. Through privatization and transition they would lose their positions, influence, sources of power and profit. But all individuals and whole society lose because of that and so it is necessary and desirable to shorten as much as possible the period of transition and remove the causes and reasons that slow these processes down.

management; transition; privatization; firm and economy

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