The Negative Long Term Effects of Remittance Inflow in Bosnia and Herzegovina
The Negative Long Term Effects of Remittance Inflow in Bosnia and Herzegovina

Summary/Abstract: It is a well known fact that, as a consequence of the 1992-95 war, Bosnia and Herzegovina is one of the leading remittance receiving countries in the world, the inflow making up a significant percentage of the country’s GDP. This paper will analyze the effects of remittances on social aspects of life in Bosnia and Herzegovina for those left behind. It will argue that for the most part, the initial purpose of remittances was helpful in re-building the economy and society of Bosnia and Herzegovina having had significant short term effects. However, the long term effects of remittance inflow in the country are less favorable and have in many ways led to the deterioration of Bosnia and Herzegovina, in the economic and social sense, having a negative effect on its growth and productivity. It will also specifically discuss the effects of remittances on education in particular and the youth brain drain caused by the inflow.

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