Price of Transition and Transition Losses in CEE Countries with Special Reference to BiH

During the period of transition, BiH has made significant losses, due to not only the transition process, but also due to significant decrease of total economic activities during the war. Meanwhile, countries that were with BiH in the transition process that started in early 90’s of the last century have continued its growth, which further raised the price of transition and loss that BiH and its entities are still paying in lost GDP and all negative synergetic effects that it brings along.