Abstract

Few countries in Europe have witnessed as much turbulence during the past quarter century as the seven states which emerged from socialist Yugoslavia after it dissolved amidst a catastrophic series of wars of succession. Although actual armed conflict only took place in Serbia (then still including Kosovo in the rump state Federal Republic of Yugoslavia) in 1998 and 1999, Serbia directly participated in the wars of Yugoslav succession beginning in 1991 in Slovenia, Croatia and Bosnia and Herzegovina, and then finally in Kosovo. For nearly a decade from 1992 until 2001 Serbia's economy languished under the combination of a kleptocratic regime, expensive and protracted military engagements and international sanctions. The long Serbian transition entered a new phase in October 2000, when Yugoslav President Slobodan Milošević was ousted by a very heterogeneous political coalition whose leaders shared only an intense antipathy for Milošević. The Federal Republic of Yugoslavia was transformed into the short-lived state union of Serbia and Montenegro, which disappeared when Montenegro declared its independence in 2006, followed by Kosovo in 2008.

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