By Joel I. Deichmann (auth.), Anastasios Karasavvoglou, Persefoni Polychronidou (eds.)
The global is altering swiftly. the worldwide financial quandary has known as into query the political judgements which were made by means of all international locations for many years and has ended in a re-formulation of instruments and goals. changes to the recent state of affairs are priceless and entail massive fiscal and social expenses. The Balkan and Black Sea region is a crucial reference element for the ecu and worldwide economic climate. as a result, the examine of the industrial improvement within the sector is of serious curiosity, enticing politicians and scientists alike. lower than this framework, the problem of the relation among the area’s international locations and the E.U., the function of the banking process and the significance of the first area of the economic system as an incredible developmental issue for the nations’ economies are of significant importance.
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Extra info for Balkan and Eastern European Countries in the Midst of the Global Economic Crisis
As a continuation of these agreements, what was also signed within the framework of economic cooperation is the memorandum in 2001 for the creation of a free trade zone as well as the CEFTA (Messerlin and Miroudot 2003). If we examine the relationship between the framework agreements for the settlement of ethnic disputes and the agreements for the creation of free trade, it is obvious that the latter are a natural continuation of the former in the field of interstate trade as they construct an environment that simulates the framework existed during the Yugoslav period regarding trade among the then-existing republics and today’s independent states (Michalopoulos 2002).
In 1981, Greece joined the European Community (EC) being the tenth member and the first among the Mediterranean countries after Italy. A new phase for Greece came with the Cold War’s ending and Greece oriented to the West located in a really advantageous position. It was the most developed country in economic terms and had the most homogeneous population among the Balkan countries. However, Greece’s progress was not the expected mainly due to bad governmental choices. Greece entered the euro zone in 2001.
Accessed 27 Oct Zademach H-M, Rodrı´guez-Pose A (2009) Cross-Border M&As and the changing economic geography of Europe. Eur Plann Stud 17(5):765–789 Zhao H, Zhu G (2000) Location factors and country-of-origin differences: an empirical analysis of FDI in China. Multinatl Bus Rev 80:60–73 Balkan Area and EU-15: An Empirical Investigation of Income Convergence Eftychia Tsanana, Constantinos Katrakilidis, and Panagiotis Pantelidis This paper empirically explores the issue of income convergence of the Balkan economies with the European Union’s-15 average (EU-15) over the period 1989–2009.
Balkan and Eastern European Countries in the Midst of the Global Economic Crisis by Joel I. Deichmann (auth.), Anastasios Karasavvoglou, Persefoni Polychronidou (eds.)