The First Sarajevo International Conference on "Global Crisis and Countries in Transition" held at IUS

The First Sarajevo International Conference on "Global Crisis and Countries in Transition" was held at the International University of Sarajevo (IUS), in the period from 19th to 22nd June 2014. The four-day Conference was organized by the IUS Faculty of Business and Administration who brought together international scholars and researchers in the field of economics, as well as experts from other social sciences that explore various aspects of development of countries in transition.

The Conference aimed to expand cooperation and interaction among these professionals, and establish a platform for discussion, dialogue and exchange of latest research inputs and ideas that are related to challenges faced by the countries in transition, in the era of global economic crisis. The Conference was organized through parallel sessions and panels that analyze and discuss the potential solutions for global economic crisis and severe and numerous social problems that trouble the countries in transition. As an example, the inequality and demographic change, the food security, water and energy supply, the climate change and poverty as well as improvement of the quality of life and employment were discussed, and more effective ways of public services.

On behalf of the organizers of the Conference, IUS Rector Prof. Dr. Yücel Oğurlu welcomed all participants of the Conference and stressed the importance of having presented results lead to producing new empirical research outputs that will serve as inputs into developing more effective policies, all in order to solve many social challenges in Bosnia and Herzegovina. The Conference brought together eminent experts from the fields of economics, and among the distinguished speakers were Dr. William Bartlett (London School of Economics/European Foundation for Education) and Dr. Barton A. Smith (University of Houston).

''The Western Balkan countries have experienced a decline in economic activity at the  average level of the EU, but lower than in the EU member states that were most affected by the crisis. However, in all countries of the region, the macroeconomic situation is not satisfactory as well. Bosnia and Herzegovina, as well as the Western Balkan countries did not have many options for a clear response to the crisis, due to limitations of measures in the field of monetary and fiscal policy. I think it is really necessary to intensify cooperation between the countries of the former Yugoslavia in the direction of establishing a single economic market in order to overcome all the negative aspects that threaten the normal functioning of the economy'' - said Dr. Barton A. Smith.