Elusive Development in the Balkans: Research Findings

Vladimir Gligorov

No 17, wiiw Policy Notes from The Vienna Institute for International Economic Studies, wiiw

Abstract: Summary Research findings of the latest round of the wiiw-GDN project on development in the Balkans are surveyed. Historical and structural deficiencies of development in the Balkan countries are discussed in detail with emphasis of the role of investment, integration, and structural and policy deficiencies. These structural features have led to policy challenges in particular after the crisis of 2008-2009. Which are investment- and export-led growth, which implies slower growth of consumption than national savings; slow growth of wages and incomes over the period of structural adjustment and for reasons of prevention of real exchange rate appreciation; and free access to foreign markets due to slower recovery of domestic demand. With the policy framework biased towards rigidity, and having in mind the needed structural adjustment, development policies that are compatible with them are infrastructure, physical and institutional, investments supported by the EU and regionally; trade integration – regional, European, and within the World Trade Organisation; financial and entrepreneurial cooperation within the manufacturing networks in the EU primarily; sustainable macroeconomic policies especially when it comes to external balances. A list of studies and of the relevant literature is included.

Keywords: development; Balkans; infrastructure; crisis; integration; state failure; investment; consumption (search for similar items in EconPapers)
JEL-codes: N14 N74 O14 O18 O20 P27 R11 R41 (search for similar items in EconPapers)
Pages: 33 pages including 6 Tables and 11 Figures
Date: 2016-06
New Economics Papers: this item is included in nep-ger and nep-tra
References: Add references at CitEc
Citations:

Published as wiiw Policy Note

Downloads: (external link)
https://wiiw.ac.at/elusive-development-in-the-balk ... indings-dlp-3943.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wii:pnotes:pn:17

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Policy Notes from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().