OTPORNOST MALIH EKONOMIJA NA UČESTALE GLOBALNE KRIZE (S OSVRTOM NA REPUBLIKU SRPSKU I BOSNU I HERCEGOVINU)
RESISTANCE OF SMALL ECONOMIES TO FREQUENT GLOBAL CRISIS (WITH REFERENCE TO REPUBLIKA SRPSKA AND BOSNIA AND HERZEGOVINA)

Author(s): Dragan Mikerević, Đoko Malešević
Subject(s): Economy, National Economy, Supranational / Global Economy, Economic history
Published by: Finrar d.o.o Banja Luka
Keywords: resilience; yield; property and financial position; financial stability; macroeconomic aggregates; gross domestic product;
Summary/Abstract: The occurrence of frequent global crises causes damage to the state as well as to households and businesses, which inevitably requires recovery programs that additionally burden their budgets and negatively affect their financial strength. The microeconomic analysis of the Republika Srpska economy and the macroeconomic analysis in Bosnia and Herzegovina point to the conclusion that in 2022 there was a further weakening of the financial strength and resilience of its economy. In order to raise the performance of the economy and increase its resilience to a higher level, decisive reforms are necessary, which have been non-existent in Bosnia and Herzegovina for almost more than a decade. This resulted in long-term stagnation, and in order to make up for lost time, it is necessary to make a “leapfrog” in the economy, skipping a series of development phases that require time.

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