MULTILATERAL COOPERATION OF THE COUNTRIES IN THE WESTERN BALKANS – POSSIBILITIES OF ECONOMIC INTEGRATIONS
MULTILATERALNA SARADNJA ZEMALJA ZAPADNOG BALKANA – MOGUĆNOSTI EKONOMSKIH INTEGRACIJA

Summary/Abstract: This paper deals with the issues of multilateral cooperation and the possibilities of establishing economic integrations between countries of the Western Balkans. The second half of the XX century was marked by multilateral cooperation as a general trend in the development of international relations. Regionalization is an old phenomenon which in various ways, in various periods, maintains the nature of international relations, with an ever-increasing need for "new regionalism" present in the last decades. It should be stressed that multilateral cooperation in the Balkans was not a continual process and is characterized by the same instability and briefness which marked the whole history of the Balkans in the XX century. A new era, however, brings new opportunities. The possibility of multilateral cooperation between the countries of the Western Balkans is especially interesting, especially in the creation of Balkan integrations modeled on the many regional integration already present in the world. Political instability is one of the chief characteristics of almost all countries in the Western Balkans, making it hard to discuss sustainable political integrations. The stress should be placed on economic integrations and using all natural resources and economic potentials, which all countries of the Western Balkans possess. The paper notes the most significant characteristics of economic integrations, and especially the formation of economic unions. This paper also presents some of the suggestions for actual models of economic integrations which could exist in the countries of the Western Balkans.

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