The paper examines the structural weaknesses of Bosnia and Herzegovina's "consociational" political system, resulting from the 1995 Dayton Agreement. It highlights a high degree of institutional fragmentation, leading to disproportionate costs for bureaucracy, and far-reaching veto modalities...

The closure of the Turkish-Armenian border in April, 1993 has generated grave costs to Armenia. A re-opening of the border would benefit greatly Armeniau0092s economy and society, even if some economic sectors may suffer from external competition. The opening would also favourably impact...