ECONOMY-BALKANS: 'How Did We Become So Poor?' - IPS ipsnews.net

ECONOMY-BALKANS: 'How Did We Become So Poor?' - IPS ipsnews.net:

Much like Serbia or Croatia Bosnia became 'a hostage state' as the UNDP says where people in power enabled criminal or 'mafia networks' to openly breach the laws and make profits 'through corruptive transactions with public officials and politicians in power’’. In Bosnia this also led to murky privatisation where companies were sold for nominal sums of a few euro and the new owners mostly did nothing with them.