BUSINESS ENVIRONMENT AND COMPETITIVENESS IN BIH AND SERBIA

Abstract

Bosnia and Herzegovina together with Serbia
shows the poor economic performance compared
to neighbor countries, while the European
average remains a remote and largely unattainable
category. The reasons for this unsatisfactory
situation are many, and this paper aims to highlight
the entrepreneurial aspect of the economic
dynamics of these countries compared to the
world, European and regional average. We will
use comparative, statistical, dynamical and cognitive
analysis and synthesis in order to get better
insight into the causes of our current situation,
as well as recognizing the potential comparative
advantages. Through presentation of the BiH
and Serbia position in the Reports of the World
Economic Forum in relation to the weighted averages
of the world, Europe and the region, and
further through the analysis of the basic parameters
of competitiveness and detailed analysis of
business environment indicators we will reach
important conclusions about the most important
shortcomings and potential advantages of entrepreneurship
in BiH and Serbia. These results
should be kept in mind while creating future economic
measures, and they have considerable usable
value for current and future entrepreneurs.