This article focuses on the debate of whether partition is an effective solution to ethnic conflict. The September 1996 elections in Bosnia highlighted what was until then an implicit aspect of the current peace: it is more likely to move Bosnia toward the ethnic states for which the war was fought than to reestablish the multiethnic Bosnia that once was. Indeed, as the Dayton process unfolds, it becomes clearer that the peace agreement signed in November 1995 after three and a half years of war was something historically familiar: a so-called peace accord that is in reality a partition agreement with an exit clause for outside powers. At the same time, while key aspects of the document, such as the creation of two "entities" with virtually separate legislatures, administrations, and armies, tend toward partition, the pact attempts to get around some of the more hostile legacies of partition through a common economic space and arms control, and it creates structures that could reverse the partition process by returning refugees and rebuilding civil society. So far, these structures have been dormant, and the holding of national elections in a still highly uncertain peace marks the tilt toward partition.