|Title||Dimensions of economic development and the challenges of post-conflict transition: Evidence from the Western Balkan|
|Publication Type||Conference Paper|
|Year of Publication||2014|
|Date Published||August 10-15 201|
|Conference Name||25. GENERAL CONFERENCE of International Peace Research Association - IPRA on Uniting for Peace: BuIldIng Sustainable Peace Through Universal Values|
|Place Published||ISTANBUL, TURKEY|
In the last 15 years, in general, a gradual transition from the Western Balkan (WB) regional zone of armed conflicts, to one in which the democratic stabilization, economic and security conditions can be observed.The Western Balkan countries are still facing serious challenges to reaffirm their unequivocal commitment to the European perspective. Production and export supply capacities of region remain well below its economic potential.On the whole, the countries of the regionare considered economically less developed, with high unemployment rates, widespread gray economy, high dependence on foreign aid and under-developed market institutions.This paper aims to identify some aspects of the usefulness of regional cooperation for the development of the Western Balkan countries over the last decade. As the economic recovery is closely related to the economic development, it can be concluded that the regional cooperation among the regional countries can help in building confidence and overcoming the tensions generated by the recent conflicts.