Influence of the Foreign Environment and the Financial Crisis on the Economic Stability of the New Member States of the European Union
AbstractThe impact of the foreign economic relations on the new EU member states is studied in this article. Trends of the participation of these countries in the export and the import of goods and services and the reflection of the crisis on the state of the balance of payment are shown. Estimates about the influence of the capital flows and the foreign financing on the economic stability of the newly accepted countries are made. The inflows and outflows of the foreign direct investment are analyzed in relation to the state of the balance of payment as a condition for its stability and defining the reflection of the world fiscal crisis. Conclusions have been made for the sustainability of the region and the opportunities of these countries to use the integration processes in the relations with one another.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.
Volume (Year): (2011)
Issue (Month): 7 ()
Find related papers by JEL classification:
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
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