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Integrating the Balkans with the European Union

  • M. Uvalic

The present paper addresses the issue of economic (and political) integration of the Balkans with the European Union (EU). The focus of the paper is on the five countries in the western Balkan region (the SEE-5)2: Albania, Bosnia and Herzegovina, Croatia, Former Yugoslav Republic (FYR) of Macedonia, Serbia and Montenegro. Although Kosovo is still formally part of Serbia, it will be explicitly excluded from the analysis.3 Occasionally, the wider definition of the region is used which also includes Bulgaria and Romania (the SEE-7). Although these two countries entered the EU in January 2007, they may serve as useful points of reference in a comparative framework, given that they are also part of the Balkans region.

The paper will briefly recall the events of the 1990s, as they are crucial for understanding the present economic and political situation of the SEE countries. It will then discuss recent macroeconomic performance, progress achieved with transition-related reforms, and the important issue of integration with the EU. Some tentative conclusions regarding future prospects are given at the end.

Keywords

European Union Foreign Direct Investment Foreign Direct Investment Inflow Economist Intelligence Unit Western Balkan Country 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Economist Intelligence Unit (various issues) Economies in Transition - Eastern Europe and the former Soviet Union, Regional Overview, LondonGoogle Scholar
  2. European Bank for Reconstruction and Development (EBRD) (2006) Transition report 2006 (and previous issues). EBRD, LondonGoogle Scholar
  3. Kekic L (2006) Foreign direct investment and development constraints in the Balkans. Presented at the international conference on regional cooperation, peace-enforcement and the role of the treaties in the Balkans, Forlì, JanuaryGoogle Scholar
  4. Uvalic M (2006) National systems of research and technological development in the western Balkan countries. Policy report prepared for the Slovenian Ministry for Higher Education, Science and Technology within the EU FP6 project SEE-ERA.NETGoogle Scholar

Copyright information

© Physica-Verlag Berlin Heidelberg 2008

Authors and Affiliations

  • M. Uvalic
    • 1
  1. 1.Department of Economics, Finance and StatisticsUniversity of PerugiaPerugiaItaly

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