Dennis J.D. Sandole, Predrag Jureković, Christian Haupt, Petar Atanasov, Gordana Bujišić, Dušan Janjić, Savo Kentera, Matthew Rhodes, Erwin A. Schmidl, and Wim van Meurs
Publication Date:
09-2006
Content Type:
Working Paper
Institution:
Austrian National Defence Academy
Abstract:
More than 15 years after the end of the Cold War, it is clearer than ever that the 'New World Order' has failed to bring about eternal peace, and that we are nowhere near the 'end of history'. People are talking about third and even fourth generation peace operations (erroneously, in this author's opinion, by the way). So a historical perspective to this topic may be justified.
Topic:
Conflict Resolution, Conflict Prevention, Security, NATO, and International Cooperation
In contrast to the Central European transition countries, the economies of South East Europe (SEE) have been facing complex and interrelated political and economic problems. The dissolution of Yugoslavia combined with market losses, war in Bosnia and Herzegovina and Croatia, sanctions finally culminating in the Kosovo conflict were the main causes of political and economic instability in the whole region. Taking into account these factors, output recovery has been much slower in SEE than in the Central European countries. Measured in purchasing power standards, Croatia is the best performer in the region, with its GDP at about 38% of the EU average. Next comes Bulgaria (32%), whereas the respective values for Serbia and Montenegro and Albania range between 15-17%. Looking at the economic performance in the 1990-2002 period, Croatia and Romania reached almost 94% of their pre-transitional level in 2002, followed by Bulgaria and Macedonia (about 88% each). Serbia and Montenegro, the worst-affected, reached only about half of what it was in 1990. The cumulative output decline there was one of the largest among all the Central and East European countries.
Topic:
NATO, Diplomacy, Economics, Political Economy, and Regional Cooperation
Political Geography:
Europe, Bosnia, Herzegovina, Kosovo, Yugoslavia, Bulgaria, Balkans, and Romania