The Western Balkan countries of Serbia, Montenegro, Macedonia, Bosnia and Herzegovina, Albania and Kosovo are lag behind other European transition countries in terms of economic development and EU accession. Although these countries have introduced deep reforms in many areas, especially during the transition process of privatization and democratization, property rights in these countries are not well protected hindering further economic development and social change. Instead of protecting property rights state governments in these countries infringe private property rights to pursue political goals. The aim of this paper is to point out differences between Western Balkan countries in their transition path from other transition countries in the region. The paper illustrates the impact of these differences on property right protections with case studies from Serbia, and Bosnia and Herzegovina.
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Authors: Admir Čavalić (Multi) & Mihailo Gajić (Libertarian Club Libek)
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