The Foreign Direct Investments Entrance and its Impact into Countries in Transition (Case of Bosnia and Herzegovina)

FDIs are very often the most glorified way of high and rapid economic development into transitional countries. Bosnia and Herzegovina has to catch up the significant higher level of real economic convergence before its entrance into European Union membership. So, in that way Bosnia and Herzegovina will be able to meet with a foreign competition on a huge common market of EU. The neoclassical concept of economic growth (famous as ''Washington Consensus'') which has been applying into Bosnia and Herzegovina emphasizes the FDIs entrance as the main actuator of B&H economic development. That concept supposes that FDIs entrance and comparative advantages could bring the optimal economic growth and development for all countries in the conditions of foreign trade and capital movement’s liberalization, monetary stability (without inflation and with stable exchange rate) and fiscal stability (balance of budget). The subject of this paper is the analysis of theoretical vindication of such macroeconomic policy and real role of FDIs in economic development concerning existing economic and political situation in Bosnia and Herzegovina and historical experiences of today developed economies.Bosnia and Herzegovina, Washington Consensus, Foreign Direct Investments, Keynesianism, real and nominal convergence, European Union.

Bridging the scales in capillary rise dynamics with complexity-reduced models

Dynamic wetting processes inherently manifest as multiscale phenomena. While the capillary length is typically millimeters, solid-liquid interactions occur at the nanometer scale. These short-range interactions significantly affect macroscopic behaviors like droplet spreading and menisci dynamics. The Navier slip length, determined by liquid viscosity and solid-liquid friction, plays a crucial role in three-phase contact line dynamics. It varies from nanometers (hydrophilic) to microns (hydrophobic). However, resolving it in computational fluid dynamics (CFD) simulations can be computationally expensive. In this study, we propose simplified ordinary differential equation (ODE) models, leveraging local dissipation rates from Stokes flow solutions near the moving contact line, to bridge the nanoscale physics and macroscopic dynamics. Our ODE model accurately predicts the impact of the slip parameter in fully resolved CFD simulations, focusing on capillary rise dynamics.Comment: 10 pages, 2 figure

Devaluation as the instrument for recession overcoming in Bosnia and Herzegovina

Devaluation is the instrument of monetary policy which has been used very often during the 20th century. In recent time of globalization, the many limited factors (openness of the economy, capital movements, currency substitution, money illusion) significantly reduce or completely make impossible the devaluation implementation as the measure for foreign trade deficit or recession overcoming in many countries. This paper discusses on positive and negative effects of devaluation in the case of Bosnia and Herzegovina economy

How to encourage the financing of infrastructure building in Bosnia and Herzegovina?

Within the context of WEF competitiveness measurement for 2009/10, Bosnia and Herzegovina was the worst evaluated country in the region of Southeast Europe. The infrastructure quality, as one of the basic requirements, has had the lowest rank and it is one of the main reasons for very low B&H competitiveness. It means that the one of the main ways for competitiveness increment is investing into infrastructure building. This paper analyses which financing way for infrastructure building is optimal in the conditions of political and economical situation in Bosnia and Herzegovina

HOW TO ENCOURAGE THE FINANCING OF INFRASTRUCTURE BUILDING IN BOSNIA AND HERZEGOVINA?

Within the context of WEF competitiveness measurement for 2009/10, Bosnia and Herzegovina was the worst evaluated country in the region of Southeast Europe. The infrastructure quality, as one of the basic requirements, has had the lowest rank and it is one of the main reasons for very low competitiveness in Bosnia and Herzegovina. It means that the one of the main ways for competitiveness increment is investing into infrastructure building. This paper analyses which financing way for infrastructure building is optimal in the conditions of political and economic situation in Bosnia and Herzegovina.Power-supply infrastructure, traffic infrastructure, the infrastructure projects, project finance, public-private partnership, Bosnia and Herzegovina.

DEVALUATION AS THE INSTRUMENT FOR RECESSION OVERCOMING IN BOSNIA AND HERZEGOVINA

Devaluation is the instrument of monetary policy which has been used very often during the 20th century. In recent time of globalization, the many limited factors (openness of the economy, capital movements, currency substitution, money illusion) significantly reduce or completely make impossible the devaluation implementation as the measure for foreign trade deficit or recession overcoming in many countries. This paper discusses on positive and negative effects of devaluation in the case of Bosnia and Herzegovina economy.Devaluation, openness of the economy, currency substitution, external indebtedness, Bosnia and Herzegovina.

Potential Hepatoprotective Role of Galectin-3 during HCV Infection in End-Stage Renal Disease Patients

Hepatitis C virus infection (HCV), one of the greatest causes of liver disease, is a frequent complication in patients with end-stage renal disease (ESRD) on dialysis. ESRD is defined as decreased glomerular filtration and also accompanied by impaired function of the immune system. Galectin-3 is a β-galactoside-binding lectin, involved in various biological processes including pathogenesis of chronic renal disease. The aim of our study was to estimate disease severity in ESRD HCV+ patients and analyze the serum concentrations of IL-1β, IL-4, IL-23, and IL-6; anti-HCV antibodies; and galectin-3. Also, we attempted to determine potential correlation between galectin-3 level and parameters of disease severity ALT and AST. Our results showed decreased levels of ALT and AST (p=0.00), demonstrating less liver destruction in ESRD HCV+ patients in comparison to HCV+ patients. Increased levels of IL-6 (p=0.03) implicate a hepatoprotective role of IL-6 in these patients. Also, level of galectin-3 (p=0.00) in the serum of ESRD HCV+ patients was higher than that of HCV+ patients. This alteration was accompanied with negative correlation between galectin-3 and AST and ALT, respectively (p=0.029; p=0.033). The presence of increased systemic levels of IL-6 and Gal-3 in ESRD HCV+ patients may be an attempt to counteract or limit ongoing proinflammatory processes and to downregulate chronic inflammation, suggesting the new aspects of HCV infection in ESRD patients