DECENTRALIZATION OF AUTHORITY, POSSIBILITIES AND OBSTACLES TO ATTRACTING INVESTMENTS IN AGRICULTURAL PRODUCTION IN THE EXAMPLE OF SERBIA, BOSNIA AND HERZEGOVINA AND CROATIA

Abstract

The goal of this research was, based on the actual jurisdiction of local governments, assigned after the decentralization of the central government, to analyze the possible assumptions that affect the attraction of investments in agricultural production and to point out the current weaknesses of individual segments of economic policy.
The paper analyzes individual indicators that, according to the Doing business list, make it easier to start a business using an analytical method. The research was conducted for Serbia, Bosnia and Herzegovina and Croatia for the period 2019 and 2020. Furthermore, the research focuses on indicators that are the responsibility of local politics, and which can contribute to a better competitive position in the market.
The general presented data concludes that there is room for reforms and that at all levels of government, and especially at the local level, additional measures must be taken to improve and facilitate business conditions. The analyzed indicators are very significant because they show the willingness of local governments to adapt to market trends. Furthermore, local plans, studies and strategies must facilitate procedures that would prioritize the developing and improving agricultural production.