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The political economy of regional integration in the Western Balkans

Author

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  • Pantelis Sklias

    () (Associate Professor, Dept. of Political Science & International Relations, University of Peloponnese, Corinth, Greece)

Abstract

The paper aims to identify the roots and causes of the failure of existing regional economic integration efforts in the Western Balkans and the poor prospects for similar attempts in the future. Existing classical political and economic approaches are enriched by identifying a framework of analysis to capture regional economic integration. Seven political economic variables to measure regional economic integration endeavors are introduced, namely: coincidence in political interests and political barriers, common perceptions, values, principles, culture, complete and mature institutions, complementarily of productive basis, inter-state trade and financial flows and transactions, technology, infrastructure. The framework analysis is applied by measuring these variables within the Western Balkans region. It is concluded that potential economic integration efforts in the region may be achieved only through a top-down approach, namely a European Union/International Community forced process, rather than resulting from genuine efforts initiated by the respective countries of the region.

Suggested Citation

  • Pantelis Sklias, 2011. "The political economy of regional integration in the Western Balkans," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 4(3), pages 21-37, December.
  • Handle: RePEc:tei:journl:v:4:y:2011:i:3:p:21-37
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    File URL: http://ijbesar.teiemt.gr/docs/volume4_issue3/political_economy_western_balkans.pdf
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    File URL: http://ijbesar.teiemt.gr/volume4_issue3.php
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    References listed on IDEAS

    as
    1. Pravin Krishna, 1998. "Regionalism and Multilateralism: A Political Economy Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 113(1), pages 227-251.
    2. Andriamananjara, Soamiely, 1999. "On the size and number of regional integration arrangements - a political economy model," Policy Research Working Paper Series 2117, The World Bank.
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    Citations

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    Cited by:

    1. Valerija Botrić, 2013. "Determinants of Intra-industry Trade between Western Balkans and EU-15: Evidence from Bilateral Data," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 6(2), pages 7-23, September.

    More about this item

    Keywords

    Political economy; Regional Economic Integration; Western Balkans;

    JEL classification:

    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • G01 - Financial Economics - - General - - - Financial Crises

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