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The European Journal of Applied Economics

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Directions and Guidelines for Resolving the Crisis (In Bosnia and Herzegovina and its Entities)

Zoran Mastilo
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  • University of East Sarajevo, Faculty of Business and Economics 133 Račanska Street, Bijeljina, Republic of Srpska, Bosnia and Herzegovina
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Published Online: 2013-10-12 | DOI: https://doi.org/10.5937/sjas1301018m

Abstract

This is a global financial and economic crisis, which can be considered the largest since the World War II. It has become a frequently discussed topic by various analysts, numerous governments, and in particular, a favourite topic of the media. We can rightly say that this is a crisis of the neoliberal system, which has greatly increased the wealth of the rich and impoverished the poor. Such crisis can be overcome by changing the system. Therefore, the directions and guidelines are necessary in order to determine the goals for resolving the crisis. The defined key objectives must be accompanied by specific sub-objectives, followed by establishing certain policies, which will contribute to the realization of these goals. We need to advocate and implement policies that will assist in accomplishing the defined goals. Some of those policies include the following: industrial policy, fiscal policy, monetary policy, regional development policy, public administration policy, and social policy.

Rezime

Ovaj rad se bavi globalnom finansijskom i ekonomskom krizom koja se može smatrati najvecom krizom nakon Drugog svetskog rata. To pitanje je cest predmet rasprave među brojnim analiticarima, predstavnicima vlasti, a narocito je omiljena tema medija. S pravom možemo reci da je rec o krizi neoliberalnog sistema, koja je u velikoj meri uticala na porast imovine bogatih a koja je još više osiromašila siromašne.Takva kriza može se prevazici promenom samog sistema. Stoga je neophodno da postoje uputstva i smernice kako bi se definisali ciljevi za prevazilaženje krize. Pored tih kljucnih ciljeva, neophodno je definisati podciljeve, koji ce doprineti realizaciji primarnih ciljeva. Neophodno je zagovarati i primenjivati politike koje ce olakšati realizaciju jasno definisanih ciljeva i podciljeva. Neke od tih politika su sledece: industrijska politika, fiskalna politika, monetarna politika, politika regionalnog razvoja, politika javne administracije i socijalna politika.

Keywords: global crisis; macroeconomic indicators; neo-liberalism; general well-being of a country; fiscal policy; industrial policy; resolution; directions and guidelines

Ključne reči: globalna kriza; makroekonomski indikatori; neoliberalizam; opšte stanje u zemlji; fiskalna politika; industrijska politika; rezolucija; uputstva i smernice

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About the article

Published Online: 2013-10-12

Published in Print: 2013-04-01


Citation Information: Singidunum Journal of Applied Sciences, ISSN (Online) 2217-8783 , DOI: https://doi.org/10.5937/sjas1301018m.

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