Značaj institucija & strategija ekonomskog razvoja Bosne i Hercegovine
Importance of Institutions & Strategy of Economic Development of Bosnia And Herzegovina

Summary/Abstract: Economic development is of a great significance for any society, particularly for a society such as Bosnia and Herzegovina - the one that is still in the development process. At the development stage, various institutions with their incentive mechanism for development have an important role, because only effective institutions may encourage development. The study results presented in the paper represent the accomplishment of the primary objective of the research: to affirm the institutional incentive mechanisms for economic development of Bosnia and Herzegovina. The paper elaborated the most important determinants of economic development, of institution integration with economic development and of economic development strategy of Bosnia and Herzegovina. Particular attention was paid to the strategy of economic development of BH, as well as to the results and forecasting of implementation of economic development. The paper addressed several thematic units on economic development and interconnection of institutions with economic development. A representative example alongside with the results of the economic development strategy of BH have been provided. Finally, the expectations of implementing the economic growth strategy in BH have been presented.

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