The Comparative Analysis of Economic and Social Performances of Transition Economies and the Case of Bosnia-Herzegovina

The Comparative Analysis of Economic and Social Performances of Transition Economies and the Case of Bosnia-Herzegovina

YUMUSAK, ibrahim Güran
BiLEN, Mahmut

Transition economies have undergone an enormous transformation since 1989- 1991. After the recession of the early 1990’s, some of these economies experienced a GDP recovery, at a different pace, with different outcomes in terms of economic growth and social performance (human development, employment, poverty, etc.). This paper tries to analyze the level of human capital for Transition Economies by comparative methods. In order to analyze level of human capital for Transition Economies, we used the human development indexes. Transition economies progress in the transition process has different effects due to internal and external factors. The human development level in transition economies is relatively high in spite of a huge recession and very poor economic performance, thanks to previous investments made in social dimensions by previous regimes. In fact, economic performance would suggest worse human development levels. Nevertheless, the transition process influenced the nonincome dimensions of people, often worsening the main indicators. Among the countries of Central and Eastern Europe, Bosnia and Herzegovina is the ninth position as far as HDI rank is concerned, just above Macedonia and Albania. BiH in aggregate human development terms is continuing to progress. Its HDI score now places it at the lower band of the most developed countries in the world.

Conference or Workshop Item
PeerReviewed

2009-06

284