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The Interaction European Union– Black Sea Region through The Game –Theorethical Lenses

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  • Livia Rusu

    () (Academy of Economic Studies in Bucharest)

Abstract

The purpose of this article is to analyze from the perspective of the game-theoretical lenses the most adequate way(s) to interact for two actors: the European Union and the Black Sea region (seen as unitary player and at individual states’ level). An important element lies in the fact that the region is not homogenous, the countries demonstrating different levels of economic development. The pillars where a country needs to undertake specific measures, in order to determine progress for its economic development, are highlighted in the Global Competitiveness Report. These pillars include, ultimately, the various domains of interaction and form a structure for the international cooperation. The strategy of cooperation that an international actor chooses must bring an advantage (or a concrete gain value) and basically ensure its own economic growth and increased competitiveness with pre-requisites allowing the advancement to a superior economic development stage.

Suggested Citation

  • Livia Rusu, 2011. "The Interaction European Union– Black Sea Region through The Game –Theorethical Lenses," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(42), pages 197-226, December.
  • Handle: RePEc:rej:journl:v:14:y:2011:i:42:p:197-226
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    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2011-12-01/2064/rusu.pdf
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    References listed on IDEAS

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    1. Vasily Astrov & Peter Havlik, 2008. "Economic Developments in the Wider Black Sea Region," wiiw Research Reports 349, The Vienna Institute for International Economic Studies, wiiw.
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    More about this item

    Keywords

    pillars of international/regional cooperation; weight; strategies of cooperation; gain value; degree of openness towards cooperation;

    JEL classification:

    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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