CIAO DATE: 08/01

Overcoming Obstacles to Private Sector Investment in Macedonia and Albania

Abstract

South Eastern Europe remains one of the most volatile regions in Europe today. The conflict in Yugoslavia has wide-reaching political, social and economic implications not only for the immediate region, but also for Europe as a whole. It is, hopefully, the last chapter of military conflicts that had previously engulfed Slovenia, Croatia and Bosnia-Herzegovina. It has added a new dimension to the already unfavorable external environment for many transition economies, worsening further their short-term economic outlook. The conflict-related economic damage already incurred is quite substantial.

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