KNOWLEDGE AND EDUCATION IN THE FUNCTION OF FASTER ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA
KNOWLEDGE AND EDUCATION IN THE FUNCTION OF FASTER ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA

Summary/Abstract: Insufficient economic development of some countries can be result of insufficient financial investments in knowledge and education. One of those countries is Bosnia and Herzegovina. Authorities at all levels have appropriated minimal funds for these purposes so far. The importance of knowledge and education in economic development can be detected on the example of Turkey that, thanks to the adequate approach in these areas, has completely repaid its debt to the IMF and developed the economy further so that Turkey is one of the most developed countries in this region today. How we should solve the problem of insufficient economic development of Bosnia and Herzegovina? The answer is very simple. The knowledge that Bosnia and Herzegovina has at its disposal should be treated with respect, using it fot development of our country. However, we have had just opposite experience so far. Namely, local youth with specific knowledge highly demanded in Bosnia an abroad have been disregarded easily, and young population continues leaving the country without an intention to come back.

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