OSNOVE PRIVREDNOG SISTEMA BOSNE I HERCEGOVINE I POTREBNE PROMJENE
BASICS OF THE ECONOMIC SYSTEM OF BOSNIA AND HERZEGOVINA AND NECESSARY CHANGES

Author(s): Aleksa Milojević
Subject(s): National Economy, Economic history, Economic policy, Financial Markets
Published by: Akademija Nauka i Umjetnosti Bosne i Hercegovine
Keywords: economic system; property; regulated market; free market; monetary competencies;
Summary/Abstract: The overall problem of the economic system in Bosnia and Herzegovina lies in its faulty and outdated foundations. Property is outdated, and the free market and the currency board are wrong foundations. Mass shareholding ownership of workers and citizens is the highest level in the development of private property. It is an ownership basis on which grow large, primarily industrial enterprises, which are the only reliable guarantee for development success. In contrast, in Bosnia and Herzegovina there is dominance of the supporting individual private property, which is historically overcome, and which ends in small businesses as an expression of their economic irrationality. Instead of rationality of a regulated market, which is so assuredly reflected in the overall economic history of the developed countries, in our country we have the harmful free market. By managing the money supply, a Central Bank significantly contributes to the stabilization and performance of the economy. We have no Central Bank with monetary competencies, which is the basis of expressed instability that threatens with economic collapse. Especially due to the high currency overvaluation.

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