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

Open access


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.

Acocella, N. (1998) Fundations of economic policy: values and techniques. Cambridge: Cambridge University Press.

Agencija za rad i zapošljavanje Bosne i Hercegovne. Bilten br. 6 [online]. Available from: [accessed 5 July 2012]. (in Serbian)

Auerbach, A., Feenberg, D. (2000) _ e Signi_ cance of Federal Taxes as Automatic Stabilizers. _ e Journal of Economic Perspectives. 14 (3), 37-56.

Babic, M. (2007) Makroekonomija. 15. izd. Zagreb: Mate. (in Croatian) Communication from the commission to the European council: A European Economic Recovery Plan.

Commission of the European Communities [online]. Available from: [accessed 15 September 2012].

Cauševic, F. (2009) Globalna recesija i njene refleksije na Bosnu i Hercegovinu. Forum Bosnae. 47 (2009), 61-81. (in Serbian)

Dolls, M., Fuest, C., Peichhi, A. (2009) Automatic Stabilizers and Economic Crisis: US vs. Europe. Discussion Paper No. 4310 [online]. Available from: http://_ p.iza. org/dp4310.pdf [accessed 15 August 2012].

Freedman, C., Kumhof, M., Laxton, D., Lee, J. (2009) _ e Case for Global Fiscal Stimulans. International Monetary Fond [online]. Available from: [accessed 8 September 2012].

Global Economic Prospects: Crisis, Finance and Growth. World Bank [online]. Available from: http://siteresources. GEP2010-Full-Report.pdf [accessed 5 July 2012].

Global Wage Report 2008/09. Geneva: International Labour O_ ce [online]. Available from: [accessed 15 September 2012].

Godišnji izveštaj 2010. Centralna banka Bosne i Hercegovine [online]. Available from: [accessed 2 September 2012].

Hodžic, K. (2010) Stanje privrede i mjere anticiklicne ekonomske politike Bosne i Hercegovine [online]. Available from: [accessed 1 September 2012]. (in Serbian)

Initial lessons of the Crisis. IMF [online]. Available from: [accessed 19 October 2012].

Jurcic, Lj. (2011) Velika transformacija za izlaz iz krize. Acta Economica. 9 (14), 79-95. (in Serbian) Jurkovic, P. (2002) Javne _ nancije. Zagreb: Masmedia. (in Croatian)

Kozaric, K. (2009) Uticaj globalne _ nansijske krize na Bosnu i Hercegovinu [online]. Available from: [accessed 15 August 2012].

Kozaric, K., Salihovic, A (2010) Krizno komuniciranje u _ nansijskim institucijama [online]. Available from: [accessed 15 August 2012].

Pollin, R. (2009) Tools for a New Economy: Proposals for a Financial Regulatory System. Boston Review. [online]. Available from: BR34.1/pollin.php [accessed 10 September 2012].

Pommier, S. (2006) Fiscal Shocks and Automatic Stabilizers at Work in European Countries. Rennes: University of Rennes 1 [online]. Available from: [accessed 7 October 2012].

Puljic, M. (2009) Globalna kriza i Bosna i Hercegovina. Acta Economica. 7 (10), 89-107. (in Serbian)

Puljic, M. (2010) Mjere vlade za prevazilaženje ekonomske krize. Acta Economica. 8 (12), 125-142. (in Serbian) Spilimbergo, A., et al. (2008) Fiscal Policy for the Crisis.

IMF [online]. Available from: [accessed 18 October 2012].

Spilimbergo, A., Symansky, S., Schindler, M. (2009) Fiscal Multiplieres. IMF [online]. Available from: http:// [accessed 1 October 2012].

Th e Effects of Automatic Stabilizers on the Federal Budget. Congressional Budget O_ ce [online]. Available from: [accessed 10 October 2012]. _ e long climb. _ e Economist [online]. Available from: [accessed August 2012].

Tilman, L.M. (2009) Financial Darwinism: create value or self-destruct in a world of risk. Hoboken, N.J.: Wiley ; Chichester: John Wiley.

Van den Noord, P. (2000) _ e Size and Role of Automatic Fiscal Stabilisers in the 1990s and Beyond. OECD [online]. Available from: [ accessed 10 September 2012].

World Bank (2003) 2003 world development indicators. Washington, D.C.:

World Bank World Economic Outlook: Rebalancing Growth. IMF [online]. Available from: [accessed 1 October 2012].

Journal Information


All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 29 29 12
PDF Downloads 6 6 1