Publish Date: 21.07.2022

Category: News from the University

The civil war that took place in Yugoslavia between 1990 and 2001 was one of the bloodiest military conflicts in Europe since the end of the Second World War, resulting in more than 140,000 deaths and more than 2 million refugees, with more than 2.4 million other people forcibly displaced. It was the worst outbreak of ethnic violence, hatred and instability since the end of the Second World War. Two researchers from the University of Ljubljana’s School of Economics and Business, Dr Aleksandar Kešeljević and Dr Rok Spruk, have carried out a study of the long-term economic costs of the war in the former Yugoslavia. In the light of the question of the long-term nature of the consequences of war on the economic and social development of the countries involved, the study looked at armed conflicts in the former Yugoslavia from the point of view of lost economic growth. An understanding of the opportunity costs of war provided a clear and quantitatively meaningful insight into the scale of the economic consequences of conflicts on economic growth and development, which is of key importance for understanding the permanent or temporary character of the consequences and effects of war. 

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