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DIEM : Dubrovnik International Economic Meeting, Vol.3 No.1 Listopad 2017.

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Marina Jerinić   ORCID icon ; Sveučilište u Mostaru Ekonomski fakultet, Bosna i Hercegovina

Puni tekst: engleski, pdf (427 KB) str. 870-887 preuzimanja: 47* citiraj
Jerinić, M. (2017). BOSNIA AND HERZEGOVINA’S FOREIGN TRADE: SOURCE OR BARRIER FOR ECONOMIC DEVELOPMENT . DIEM : Dubrovnik International Economic Meeting, 3(1), 870-887. Preuzeto s

Bosnia and Herzegovina (B&H) is a small and open country in which foreign trade plays an important role. Unfortunately, the country has a continuous foreign trade deficit. As is well known, export growth, as an autonomous component of aggregate demand, has a multiplicative effect on the growth of national income, but in open economies the effects of foreign trade on income depend also on marginal propensity to import. Export to foreign markets for many domestic companies is difficult due to their low competitiveness and many non-tariff barriers. The main characteristic of B&H foreign trade, as well as a continuous deficit, is having the European Union (EU) as the dominant trading partner. What can be done to improve the country’s position in international trade? The countries in the region have expressed their aspiration to join the EU by CEFTA and Stabilization and Association Agreement (SAA). Integration is intertwined with trade-relations. So, how Adopted SAA that entered into force on February 1, will affect our foreign trade balance? Will it stabilize our economy and be a development basis, or will it put B&H exporters in even harder position? Progressive liberalization may have unintended consequences. Analysis of B&H foreign trade in the light of the EU association process, indicators of production and geographical structure and suggested answers on mentioned questions are given below.

Ključne riječi
foreign trade; deficit; Bosnia and Herzegovina

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