Corruption and Bureucracy
Political corruption is one of the more acute problems in Bosnia and Herzegovina, and the main one that accounts for low amount of tax money used for the population, due to government inefficiency and corruption, especially at the lowest levels. Bosnia-Herzegovina is also lacking a good E-governance structure to allow easier investment and business climate. Today it takes between 3–5 weeks to register a company in the country.
Bosnia has been preparing for an era of declining international assistance. Bosnia's most immediate task remains economic revitalization to create jobs and income.
Read more about this topic: Economy Of Bosnia And Herzegovina
Famous quotes containing the word corruption:
“Saigon was an addicted city, and we were the drug: the corruption of children, the mutilation of young men, the prostitution of women, the humiliation of the old, the division of the family, the division of the country—it had all been done in our name.... The French city ... had represented the opium stage of the addiction. With the Americans had begun the heroin phase.”
—James Fenton (b. 1949)