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:
““Our earth is degenerate in these latter days. Bribery and corruption are common. Children no longer obey their parents. . . . The end of the world is evidently approaching.” Sound familiar? It is, in fact, the lament of a scribe in one of the earliest inscriptions to be unearthed in Mesopotamia, where Western civilization was born.”
—C. John Sommerville (20th century)