ANALYSIS OF THE EFFECTS OF CROATIAN ENTRY IN THE EU ON THE ECONOMY OF BOSNIA AND HERZEGOVINA Cover Image

ANALIZA UTICAJA ULASKA HRVATSKE U EU NA EKONOMIJU BOSNE I HERCEGOVINE
ANALYSIS OF THE EFFECTS OF CROATIAN ENTRY IN THE EU ON THE ECONOMY OF BOSNIA AND HERZEGOVINA

Author(s): Haris Šarganović
Subject(s): National Economy, Business Economy / Management, Financial Markets, Public Finances, Socio-Economic Research
Published by: Visoka škola “CEPS – Centar za poslovne studije” Kiseljak
Keywords: Bosnia and Herzegovina; Croatia; the European Union; integration; foreign trade;

Summary/Abstract: The aim of the study is to present, based on the survey results, the state of the economy of Bosnia and Herzegovina after Croatia joined the EU. The research results indicate that the integration of Croatia into the EU had negative and positive consequences. It has shown a negative impact on foreign trade exchanges between BiH - Croatia but far more between BiH - CEFTA. The positive side is the increase in the total trade between BiH - EU, and the positive fiscal picture of Bosnia and Herzegovina where there was noted growth in the overall volume of trade exchange with the growth of exports which resulted in a reduction of foreign trade deficit of close to 6%. So far, the EU enlargement has confirmed that a threat to neighboring countries by the countries joining the EU, is also an opportunity for the neighboring country, as demonstrated in the example of Bosnia and Herzegovina. However, a very important thing after the Croatian entrance into the EU is that a primary role has our legislative and executive authorities. If they aspire fulfill some of the crucial conditions and continuously adapt the current state of the Bosnian and Herzegovinian market to the changes after the Croatian entrance to the EU, then the negative reflections will turn into positive ones. Analysis of studies have shown that a big problem for BiH is the fact that BiH achieves deficit with almost every country that is her trading partner. It should be noted that the analysis of this study came to the conclusion that Serbia is one of the potential competitors to the neighboring countries from a foreign trade aspect. This is especially true for investments in BiH because the statistics have confirmed that Serbia is a serious competitor in attracting foreign investments because of the potential available on its market.

  • Issue Year: 2016
  • Issue No: 2
  • Page Range: 1-14
  • Page Count: 14
  • Language: Bosnian