Transformation in the political economy of Bosnia since Dayton

Негативна селекција и морални хазард као узрочници неефикасне транзиције и склоности ка кризи у Босни и Херцеговини // Negative selection and moral hazard as causes to inefficient transition and tendency towards crisis in Bosnia and Herzegovina

“…Јавна потрошња има високо учешће у GDP. 19 Јавни дуг убрзано расте 20 . Нето директне стране инвестиције у БиХ континуирано опадају 21 , утичући на смањење потрошње.…”

“…Прва искуства са транзицијом у БиХ показала су да је понуђени модел економске транзиције изведен из неолибералне идеологије агресивног капитализма (Pugh 2005). Стратези Свјетске банке и ММФ су вјеровали да БиХ вапи за тржишном економијом, те да ће слободно предузетништво врло брзо у њој ублажити већину социјалних и развојних проблема.…”

Bosnia-Herzegovina Ten Years after Dayton: Constitutional Change and Public Opinion

“…However, once warfare broke out, the basis for BiH's relative economic prosperity was destroyed. Despite considerable reconstruction help and modest economic growth, BiH is still some distance from recovering to the level of 1991 (Pugh, 2005). The official unemployment rate is around 45 percent, foreign investment levels are low, while those sectors of the economy that show some dynamism have to negotiate the pervasive influence of criminal networks (EIU, 2006, p. 25).…”

Twenty Years After Dayton: Bosnia-Herzegovina (Still) Stable and Explosive

“…In particular, political parties penetrated and controlled industries and enterprises, whether state-owned or recently privatised (Divjak and Pugh 2008), rewarding their wartime allies with businesses, factories and access to natural resources in their territories of control (Tuathail and Dahlman 2004). Thus, political parties have indirectly managed and guided the process of privatisation to their advantage by appointing their own people to run those enterprises establishing peace-time local power structures led by war-time leaders (Pugh 2005, TI 2012, Kurtović 2015.…”