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Economic Performance and Structure of Southeastern European Countries--Albania, Bulgaria, FYR of Macedonia, and Greece

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  • Stoyan Totev

Abstract

This article analyzes the ability of the economies of Albania, Bulgaria, and Former Yugoslavian Republic of Macedonia (FYR of Macedonia) to respond positively and to adapt their structures to the new economic environment to face the level of international competition. Various economic indicators are used to present a picture of economic evolution and structural adjustment over time. The conformity to changing conditions of the structural composition is analyzed at several levels of aggregation, including the structure of GDP and employment; main economics sectors; industrial value added and employment, as well as export and import composition. Also analyzed are differences between the structure of manufacturing of the South East European countries (Albania, Bulgaria, FYR of Macedonia, and Greece) and the other Central European countries, as well as certain European Union countries. The differences and commonalities among the South East European countries (SEECs) are outlined. The article discusses the potential benefits of a policy of regional cooperation within SEE, focusing on the benefits from the development of the industrial sector, which has played a crucial role in the recent performance of SEE. Possible future scenarios and prospects are also analyzed in the light of current problems. Finally, an attempt is made to draw some conclusions and note some policy implications regarding future prospects of SEE and the region.

Suggested Citation

  • Stoyan Totev, 2002. "Economic Performance and Structure of Southeastern European Countries--Albania, Bulgaria, FYR of Macedonia, and Greece," Eastern European Economics, Taylor & Francis Journals, vol. 40(6), pages 51-83, November.
  • Handle: RePEc:mes:eaeuec:v:40:y:2002:i:6:p:51-83
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    Cited by:

    1. Stoyan Totev, 2003. "Cross-Border Economic Cooperation in South East Europe in the Framework of the Globalizing Market," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 118-131.
    2. George Petrakos, 2001. "Fragmentation or Integration in the Balkans? Strategies of Development for the 21st Century," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-17.
    3. Grigor Sariiski & Stoyan Totev, 2005. "Specialisation of Regions in Bulgaria by Processing Industry Sectors," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 42-59.
    4. Arslan, Ahmad & Tarba, Shlomo Y. & Larimo, Jorma, 2015. "FDI entry strategies and the impacts of economic freedom distance: Evidence from Nordic FDIs in transitional periphery of CIS and SEE," International Business Review, Elsevier, vol. 24(6), pages 997-1008.
    5. Dimitrov, Mitko, 2004. "Cooperation of the Enterprises in East European Countries and EU: Adjustment Problems," MPRA Paper 57235, University Library of Munich, Germany.
    6. Stoyan Totev, 2004. "Economic Relations in South Eastern Europe: The Intra-Regional FDI Point of View," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-31.
    7. Dimitrov, Mitko & Totev, Stoyan, 2009. "Трансграничното Сътрудничество На Балканските Страни
      [Cross-Border Cooperation of the Balkan Countries]
      ," MPRA Paper 62823, University Library of Munich, Germany.
    8. Kotios, Angelos & Saratsis, Yiannis & Kallioras, Dimitris & Metaxas, Theodore, 2005. "Balkans and Europe: identifying spatial development dimensions," MPRA Paper 42298, University Library of Munich, Germany.
    9. Stoyan Totev, 2006. "Comparative Analysis of the Processes of Regional Specialization and Concentration in EU," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 67-89.

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