FOLIA GEOGRAPHICA

Menu

Folia Geographica 2018, 60/2, pp. 49–61

ECONOMIC RELATIONS OF BOSNIA AND HERZEGOVINA AND ISLAMIC COUNTRIES

Rahman NURKOVIĆ A*, Janusz REWUCKI B

Received: April 30, 2018 | Revised: May 16, 2018 | Accepted: June 24, 2018

Paper No. 18-60/2-515

A* University of Sarajevo, Faculty of Science, Department of Geography, Zmaja od Bosne 33-35, Bosnia and Herzegovina
rahmannurkovic@hotmail.com (corresponding author)

B University of Sarajevo, Faculty of Science, Department of Geography, Zmaja od Bosne 33-35, Bosnia and Herzegovina
janusz@rewucki.de


PDF FULL TEXT

Abstract
This paper analyzes the contemporary economic relations between Bosnia and Herzegovina and Islamic countries. In recent years, there have been major changes in regional development and orientation of foreign trade of Bosnia and Herzegovina due to irregularity of relations in the internal market, rational behavior of most economic activities, impact of economic policies and measures brought in the country, as well as situation and relations in world economic division of labor and international economic and political relations. For a more complex assessment of the importance and role of Islamic countries in the world relations, more precise and more comprehensive research of the economic, social, political, geographical and other characteristics of Islamic countries is needed. This knowledge is absolutely necessary if planning a longer-term strategy of economic cooperation with these markets, or at least aspiring better contacts, exchanges and cooperation.

Key words
Economy, regional development, policies, Bosnia and Herzegovina, Islamic countries

REFERENCES

  1. AGENCY, (2008). Agency for Statistics of Bosnia and Herzegovina, Sarajevo, 2008-2014
  2. AVRAMOVIĆ, N. (2006). Foreign Direct Investment and Transition, Foundation Andrejević, Belgrade. 138-140
  3. BURNAZOVIĆ, T. (1998). Foreign capital in Bosnia and Herzegovina and investment possibilities (status and perspectives), Ekonomika, godina 1., no. 1, pp. 3-18.
  4. DEICHMANN, J. I. (2012). Historical Legacies as Determinants of Foreign Direct Investment in Bosnia-Herzegovina. South East European Journal of Economics and Business, 17 (1), 7-18
  5. GADŽIĆ, M. (1997). Direct Foreign Investment in Countries in Transition, Faculty of Economics, Split. 181-182
  6. KRIEMER, A., MUSCAT, R., ELWAN, A., ARNOLD, M. (2000). Bosnia and Herzegovina: Post-Conflict Reconstruction, World Bank, Washington DC , 19-24
  7. MUSTAFIĆ-ČOKOJA, D. (2008). Foreign Direct Investment and Sustainable Development, Sarajevo.
  8. PEJAKOVIĆ, G. (2011). Foreign Direct Investment and the Economy of Bosnia and Herzegovina, Faculty of Economics, Sarajevo. 21-22.
  9. ROVČANIN, A., SARAJČIĆ, S. (2009). Foreign Direct Investment, Faculty of Economics, Sarajevo, 225-237.
  10. RADENKOVIC-JOCIĆ, D. (2004). Role of direct foreign investment in development of balkan countries (the case of Serbia), South Eastern Europe Journal of Economics 2 (2004) 101-118
  11. SARAJČIĆ, S. (2004). Foreign Direct Investment as a Factor of Economic Development of Bosnia and Herzegovina, Faculty of Economics, Sarajevo. 9-22
  12. SARAJČIĆ, S. (2006). Foreign Direct Investment and the Transition: Current Results and Future Prospects, DES, Sarajevo.
  13. VELAGIĆ, I. (2011). The Effects of FDI on the Economy of the Host Country, Transition 27, Economic Institute of Tuzla, Tuzla – Travnik – Zagreb – Belgrade – Bucharest.
  14. VUKUŠUĆ, J. (2007). Foreign Direct Investment in the Transition Countries of Southeast Europe, Master’s thesis, Faculty of Economics, Split. 44-45
  15. JURICA BOTIĆ, J. (2013). Spatial and National Distribution of Foreign Direct Investments in Bosnia and Herzegovina, Croatian Geographical Society Geographical Bulletin 75/1, 132-135, Zagreb
  16. DATA SOURCES
  17. FIPA (2011). Agency for promotion of foreign investments in Bosnia and Herzegovina, [online] available from: http://www.fipa.gov.ba/local_v2/default_bs.asp, accessed 25/01/2011
  18. VOLKSBANK (2013). Ownership structure, [online] available from: http://en.volksbank.com/investor_relations/group_information/ownership_structure, accessed 14/01/2013
  19. TELEKOM (2013). Telekom Srbija, [online] available from: http://www.telekom.rs/Contents/ContentDefault.aspx?temp=0&sid=1253&id=1254, accessed 14/01/2013
  20. FIPA (2014). Foreign Investment Promotion Agency of Bosnia and Herzegovina, [online] available from: http://www.fipa.gov.ba, accessed 1/05/2014
  21. ZIRAATBANK (2013). ZiraatBank, [online] available from: http://www.ziraatbosnia.ba/turkish/text.php?tekst=16, accessed 14/01/2013
  22. Foreign Trade Chamber of Bosnia and Herzegovina (EFTA, the EU, others 2010-2014) Overview of registered FDI in BH by countries and companies from May 1994 to June, 30 2010. (Companies with capital over 1 mil. KM) Ministry of Foreign Trade and Economic Affairs of Bosnia and Herzegovina, Sarajevo, 2010
  23. Law on Foreign Direct Investment in Bosnia and Herzegovina, Ministry of Foreign Trade and Economic Affairs of Bosnia and Herzegovina, Sarajevo, in 1998.