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New Challenges for the Balkan Economies in the Context of the European Union

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  • Romeo-Victor Ionescu

    (Dunarea de Jos University)

Abstract

The paper deals with the idea that EU has to reformate as a result of the latest challenges, including the Brexit. A possible effect and opportunity from this can be a stronger position for the EU Balkan Member States. The analysis in the paper takes into consideration all Balkan economies, including candidate countries in order to obtain a general approach for the region. This approach is new because it puts together member and candidate members from a region, in the context of re-evaluating the EU, and leads to the idea of finding a regional leader able to generate regional progress and to support the region’s interests in the European Institutions. The analysis covers five representative economic indicators (GDP growth rate, gross fixed capital formation, unemployment rate, inflation rate and general government gross debt) and is realized on three levels: a comparative analyses, a cluster analysis, and a cumulative analysis as well. Moreover, regression is used in order to point out the economic disparities across the region. The main conclusion of the analysis is that the great regional economic disparities can be decrease using common regional policies. Moreover, the analysis identifies a regional economic leader able to coordinate common initiatives at least on short and medium terms. The analysis and the conclusions in the paper are supported by the latest official statistic data, pertinent tables and diagrams.

Suggested Citation

  • Romeo-Victor Ionescu, 2017. "New Challenges for the Balkan Economies in the Context of the European Union," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(4), pages 39-52, AUGUST.
    • Handle: RePEc:dug:actaec:y:2017:i:4:p:39-52
    as

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    References listed on IDEAS

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    5. Estrin, Saul & Uvalic, Milica, 2013. "Foreign direct investment into transition economies: are the Balkans different?," LSE Research Online Documents on Economics 53180, London School of Economics and Political Science, LSE Library.
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