Fragmentation or Integration in the Balkans? Strategies of Development for the 21st Century

George Petrakos

Economic Studies journal, 2001, issue 3, 3-17

Abstract: The study provides an additional explanation to the well-known facts for differences in performance among transition economies in Europe and especially for this inability of the Balkan transition countries to follow the Central European ones. It is argued that the prevailing fragmentation and conflict in the Balkan region, as well as the existing ethnic rivalry and regional instability are major factors that significantly impede growth, structural change, economic progress, transformation and development. It is presented a number of theoretical propositions and analyse some basic economic characteristics of the Balkan region related to market size, development potentials, trade relations and foreign direct investment. On the basis of these characteristics an attempt is made to highlight the costs and benefits of the options available to the individual countries in the region with respect to regional conflict or regional cooperation.

JEL-codes: F02 P20 P52 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2001:i:3:p:3-17

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