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Enhancing Regional Trade Integration in Southeast Europe

Enhancing Regional Trade Integration in Southeast Europe
Author: Borko Handjiski
Publisher: World Bank Publications
Total Pages: 162
Release: 2010-01-29
Genre: Political Science
ISBN: 0821382667

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The countries of the Southeast Europe region have the common objective of joining the European Union (EU). To achieve this goal, these countries have pursued closer integration with the EU and with each other, including signing the Central European Free Trade Agreement (CEFTA). CEFTA aims to fully liberalize trade in the region and work toward greater cooperation in a number of trade-related areas, such as investment, services, public procurement, and intellectual property rights. This paper aims to help policy makers in Southeast Europe assess the impact of the recently introduced trade policy measures, and proposes actions that could complement these measures and help achieve greater regional trade integration. The paper considers intra-regional trade flows and the remaining nontariff barriers to trade, the benefits of allowing free movement of skilled labor in the region, and how adopting the EU's Common External Tariff could prevent trade diversion.


Regional Cooperation in South East Europe and Beyond

Regional Cooperation in South East Europe and Beyond
Author: Wolfgang Petritsch
Publisher: Nomos Verlagsgesellschaft
Total Pages: 200
Release: 2008
Genre: Political Science
ISBN:

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The year 2008 will be a decisive one for the process of regional cooperation in South East Europe (SEE). First, the transition from the Stability Pact to the Regional Cooperation Council (RCC) will become effective with the establishment of the RCC and its Secretariat in Sarajevo, indicating a major evolution towards more regional ownership. Secondly, the renewed and reframed Central European Free Trade Agreement (CEFTA), or CEFTA 2006, will officially enter into force for all parties. Third, the Slovenian European Union presidency will endeavor to reaffirm the 2003 EU Thessaloniki Agenda, and work towards the completion of the network of Stabilization and Association Agreements and the enhancement of regional cooperation in several areas. This book addresses the challenges and prospects of regional cooperation in SEE by considering the increased diversity in the region, the new divisions and contradictions induced by the latest round of EU enlargement, the coexistence of numerous cooperation programs, and the still unresolved hard security issues. The book also discusses why SEE countries should embrace the process of wider regional cooperation that goes beyond too-narrowly conceived regional frameworks. A pan-European approach links SEE with countries in the Black Sea region, the Caucasus, Central Europe, and the Mediterranean basin. Upgraded and broadened regional cooperation in SEE would not interfere with, but rather complement and reinforce, EU integration and the European Neighborhood Policy (ENP), requiring both innovative thinking and the careful recalibration of previous regional initiatives.


The Road to Stability and Prosperity in South Eastern Europe

The Road to Stability and Prosperity in South Eastern Europe
Author:
Publisher: World Bank Publications
Total Pages: 186
Release: 2000-01-01
Genre: Political Science
ISBN: 9780821347256

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"Report prepared by the Europe and Central Asia Region, World Bank, in close consulation with the International Monetary Fund ... "--P. ix.


Regional Institutions in Europe and Southeast Asia

Regional Institutions in Europe and Southeast Asia
Author: Falendra Kumar Sudan
Publisher:
Total Pages:
Release: 2020
Genre:
ISBN:

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Except for the history of colonialism, the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) have similar roots and they share initial targets to foster economic growth and competitiveness. However, the EU and ASEAN have diverging economic integration paths. The ASEAN Way implies non-interference in the internal affairs of the member nations. ASEAN has deliberately avoided creating a strong supranational regional institution and it has also avoided a strong EU-type agency. ASEAN is a major economic bloc, but compared to ASEAN, the EU is a stronger and more successful regional organization. Following profound integration initiatives in Southeast Asian countries, this region has now become the most dynamic and fastest growing regions of the world, especially when compared to other Asian subregions such as South Asia. In Southeast Asia, intra-regional trade has increased to 25% in the 2010s from 18% of total trade in the early-1990s. Southeast Asia has also become an attractive destination for foreign direct investment, which stood at 20% of total investment today compared to 12% in the early-1990s. Compared to Southeast Asia, South Asia has an abysmal performance in intra-regional trade and bilateral trade is throttled between India and Pakistan. Therefore, there is a need to harness the potential of regional cooperation through promoting regional institutions by learning from the experiences of EU and ASEAN to address the challenges faced by South Asia.


Free Trade Area in Southeast Europe

Free Trade Area in Southeast Europe
Author: Nela Vlahinić
Publisher:
Total Pages: 0
Release: 2017
Genre:
ISBN:

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Paper focuses on preconditions, actual trade flows and growth potentials of the Free Trade Zone in Southeast Europe. Further trade liberalisation and implementation of all 21 bilateral trade agreements would be important incentive for intra-regional trade, especially within SEE-5, where, according to gravity model results, there exist situations of “under-trade”. Bilateral trade between Croatia and S&MN represents such “under-trade” situation that gives large space for Croatian export growth to this market. On the other hand, trade with B&His already above the predicted level and it could even fall in the future because great part of B&H imports was triggered by Western assistance. According to the analysis, the establishment of the Free Trade Area in SEE gives potentials for an increase in intra-regional trade (especially SEE-5), but these benefits could be fully reached only by pursuing parallel trade integration towards the EU in order to avoid trade diversion effect.


Kosovo and Serbia

Kosovo and Serbia
Author: Leandrit I. Mehmeti
Publisher: University of Pittsburgh Press
Total Pages: 288
Release: 2017-06-17
Genre: Political Science
ISBN: 0822981572

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Azan on the Moon is an in-depth anthropological study of people's lives along the Pamir Highway in eastern Tajikistan. Constructed in the 1930s in rugged high-altitude terrain, the road fundamentally altered the material and social fabric of this former Soviet outpost on the border with Afghanistan and China. The highway initially brought sentiments of disconnection and hardship, followed by Soviet modernization and development, and ultimately a sense of distinction from bordering countries and urban centers that continues to this day. Based on extensive fieldwork and through an analysis of construction, mobility, technology, media, development, Islam, and the state, Till Mostowlansky shows how ideas of modernity are both challenged and reinforced in contemporary Tajikistan. In the wake of China's rise in Central Asia, people along the Pamir Highway strive to reconcile a modern future with a modern past. Weaving together the road, a population, and a region, Azan on the Moon presents a rich ethnography of global connections


Financial Integration

Financial Integration
Author: Marga Peeters
Publisher: Springer Science & Business Media
Total Pages: 230
Release: 2013-09-21
Genre: Business & Economics
ISBN: 3642356974

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The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.


Financial Globalization in the Emerging Balkans

Financial Globalization in the Emerging Balkans
Author: Mehmed Ganić
Publisher: Springer Nature
Total Pages: 161
Release: 2021-01-05
Genre: Business & Economics
ISBN: 303065009X

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This book explores financial trends in the age of financial globalization and explores the changing roles within the global financial industry. At the same time, the book provides a solid foundation for understanding the dramatic process of financial globalization specifically in the emerging Balkans. More elaborately, the book examines financial trends and developments of eight countries in the emerging Balkans defined to include: Albania, B&H, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia, and Romania. Building on this background, this book addresses issues related to the emerging Balkans in terms of financial development compared with the benchmark of mature economies and highlights issues related to the growing impact of financial globalization, global trade, and FDI flows. It brings the focus onto the recent trends in Intra-Balkan trade liberalization and cooperation through the transition process and on the eve of EU membership. It also assesses progress made in banking development, stock market development, and economic growth and critically examines financial trends in the emerging Balkans and changes in its financial landscape.