Neo-Liberalism, Depopulation and Economic Stagnation in the Balkans

The paper deals with the population decline in Balkan countries in the last three decades, since 1990. It researches the scale of depopulation in the Balkans and analyses the causes and possible consequences of the population decline. It argues that the failure of imposed neoliberal economic policies in the Balkan countries in the 1990s caused deindustrialization, GDP stagnation and high unemployment rates, especially of young people. Together with the shift in values from traditional to neo-liberal ones which promote materialism, hedonism, consumerism and liberal middle-class feminism, it caused dramatic reduction in fertility (live births per woman) as well as a significant brain drain and economic emigration from the Balkan countries in the last 30 years. Depopulation is becoming a limiting factor for sustainability of Balkan societies. It imposes a long-term danger for demographic survival of these societies, and generates an array of other negative economic, social and political consequences.