Herzegovina
Herzegovina ( or ; Serbo-Croatian: "Hercegovina", Херцеговина, ) is the southern region of Bosnia and Herzegovina. While there is no official border distinguishing it from the Bosnian geographical region, it is sometimes asserted that the borders of the region are Dalmatia to the southwest, Montenegro to the east, Mount Maglić to the northeast, and Mount Ivan to the north. Measurements of the area range from , or around 22% of the total area of the present-day country, to , around 24% of the country.
Economy of Bosnia and Herzegovina
Bosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis. The key economic challenge for Bosnia and Herzegovina in the imbalance of its economic model: public policies and incentives are skewed toward the public rather than the private sector, consumption rather than investment, and imports rather than exports. The country needs to shift to a business environment that is conducive to private investment. The country faces the dual problem of rebuilding a war-torn country and introducing liberty market reforms to its economy. One legacy of the previous era is strong metal industry; under former republic premier Džemal Bijedić, and Yugoslav president Tito, metal-product industries were promoted in the republic, resulting in the development of a large share of Yugoslavia's metal products plants. Although agriculture is almost all in private hands, the republic traditionally is an exporter of food. Industry was very strong, a holdover from the Mixed economic structure of Yugoslavia. Yugoslav President Josip Broz Tito had pushed the development of metal industries, and electro-energetic sector, in the republic with the result that Bosnia and Herzegovina were a host of large numbers of industrial firms. Some of them were worked with World brand names, companies like Coca-Cola, Pepsi, Marlboro, Volkswagen and SKF. Big Companies like Energoinvest, UNIS, Hidrogradnja, Vranica, RMK Zenica, TAS Sarajevo, FAMOS Sarajevo and BNT Novi Travnik, have yearly income in billions of USD$ at that time. Building sector companies bringing large amounts of income in USD$. Unemployment at that time is very low. Work force is highly skilled, with highly professional, educated managers, engineers, science experts, which use western world's newest technologies in large scale areas. Before the war, Yugoslav premier Ante Marković, made some preparations for privatization, in economy, finance, and industry sectors, but the war ceased development in these actions.