Economics
In the immediate aftermath of WWII Bosanska Krajina was considered one of the poorest regions of Bosnia and Herzegovina. This poverty was a contributing factor to 1950's Cazinska Buna uprising against the communist government, the only such uprising in post-war Bosnia and Herzegovina and Yugoslavia.
The later economic boom and prosperity of Bosanska Krajina was mostly due to planned urban development programs that were created specifically for this region in early and mid-1970s by Urban Institute in Banja Luka. The development was further stimulated by the simplification of the banking system that encouraged investments in resource processing industry. As a result the region has seen a boom in agricultural and industrial production.
Agrokomerc, a food manufacturing industry located in northwest region was the largest food manufacturer in Bosnia and Herzegovina and former Yugoslavia. Other industries included chemical industry Saniteks in Velika KladuĊĦa, electronics industry Rudi Cajevec in Banja Luka, Textile industry Sana in Bosanski Novi as well as a range of wood and food processing companies that stimulated an economic boom in this region. There was also a significant ore industry developed around the Kozara Mountain.
Read more about this topic: Bosanska Krajina
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)