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 words corruption and and/or corruption:
“Were it not for the corruption and viciousness of degenerate men, there would be no ... necessity that men should separate from this great and natural community, and by positive agreements combine into smaller and divided associations.”
—John Locke (1632–1704)
“Keep your hands clean and pure from the infamous vice of corruption, a vice so infamous that it degrades even the other vices that may accompany it. Accept no present whatever; let your character in that respect be transparent and without the least speck, for as avarice is the vilest and dirtiest vice in private, corruption is so in public life.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)