THE GLOBALIZATION AND THE DEFICITS OF THE ECONOMY OF BOSNIA AND HERCEGOVINA - POSSIBLE FRAMEWORKS OF RECOVERY
Abstract
The economy of Bosnia and Herzegovina is an economy of deficits. In this country, for a long period of time the budget deficit has been stated as well as thecurrent account deficit of the balance of payments. Dual deficits limit the economic recovery of the country. The existing models of economic policy do not offer a way out of this situation. New models and new way of thinking are needed in order to provide the path to take us out from the vicious circle of deficits.
Keywords
- transition
- budget deficit
- current account deficit
- balance of payments deficit
- economic growth
- market:finance
References
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