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Twenty years of economic transition in the Balkans: transition failures and development challenges

Monastiriotis, Vassilis and Petrakos, George (2010) Twenty years of economic transition in the Balkans: transition failures and development challenges. Southeastern Europe, 34 (2). pp. 149-169. ISSN 0094-4467

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Identification Number: 10.1163/187633310X507493


This paper seeks to review and evaluate a series of theoretical and policy issues with regards to the process of transition and European accession of the Balkan countries. We begin by reviewing some key aspects of economic structure and performance relating to the processes of transition and integration. We then examine in turn what these aspects imply for the assumptions of theory and policy concerning the speed of transition, the benefits of integration, and the process of convergence, as well as for the policy approach to transition, accession and development that was followed in the Balkans. We conclude that this stock-taking, twenty years since the advent of transition in the Balkans and at a time when the region starts to slowly recover from the effects of the global economic crisis, highlights the need for a radical revision of the growth model of the region and the design of a concrete Development Plan for its future.

Item Type: Article
Official URL:
Additional Information: © 2010 Brill
Divisions: European Institute
Spatial Economics Research Centre
Hellenic Observatory
Subjects: D History General and Old World > DR Balkan Peninsula
H Social Sciences > HC Economic History and Conditions
Sets: Departments > European Institute
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Hellenic Observatory
Collections > Economists Online
Date Deposited: 16 Dec 2010 12:25
Last Modified: 20 Mar 2021 01:52

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