Evaluation of the competitiveness and the business environment in Bosnia and Herzegovina.

Abstract

In this Report we will explore an issue about the evaluation of Bosnia’s and Herzegovina’s competitiveness and its economic growth from 2001-2013. In the beginning a brief history of the Bosnia and Herzegovina will be mentioned. In the next step in order to determine the strengths and weaknesses of Bosnia’s and Herzegovina’s national competitiveness environment we describe the Global Competitiveness Index of the World Economic Forum and its 12 pillars, measured against the average score across the economies of Balkans, China, EU27, USA. The next element that will be assessed in this report is the Easy of Doing Business Index of the World Bank and its pillars . We compare Balkans ranking with the EU’s , USA’s and China average for the years 2006-2012. Moreover in order to understand the Doing Business process we analyze the ten business environment indicators for Bosnia and Herzegovina for the years 2004 until today. Finally we will evaluate the situation of today’s policy recommendations .The recommendations are therefore intended to lay the ground for further complementary studies In this Report we will explore an issue about the evaluation of Bosnia’s and Herzegovina’s competitiveness and its economic growth from 2001-2013. In the beginning a brief history of the Bosnia and Herzegovina will be mentioned. In the next step in order to determine the strengths and weaknesses of Bosnia’s and Herzegovina’s national competitiveness environment we describe the Global Competitiveness Index of the World Economic Forum and its 12 pillars, measured against the average score across the economies of Balkans, China, EU27, USA. The next element that will be assessed in this report is the Easy of Doing Business Index of the World Bank and its pillars . We compare Balkans ranking with the EU’s , USA’s and China average for the years 2006-2012. Moreover in order to understand the Doing Business process we analyze the ten business environment indicators for Bosnia and Herzegovina for the years 2004 until today. Finally we will evaluate the situation of today’s policy recommendations .The recommendations are therefore intended to lay the ground for further complementary studies