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Directions and guidelines for resolving the crisis (in Bosnia and Herzegovina and its entities)

Author(s): Zoran Mastilo

Journal: Singidunum Journal of Applied Sciences
ISSN 2217-8090

Volume: 10;
Issue: 1;
Start page: 18;
Date: 2013;
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Keywords: global crisis | macroeconomic indicators | neo-liberalism | general well-being of a country | fiscal policy | industrial policy | resolution | directions and guidelines

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.
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