EU Contribution to Strengthening Regional Development and Cooperation in the Black Sea Basin

Voicu-Dorobanțu Roxana () and Ploae Cătălin ()
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Voicu-Dorobanțu Roxana: Bucharest University of Economic Studies
Ploae Cătălin: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 74-78

Abstract: EU's agenda had for some time a topic (at least at an idea level) about the “strengthening ofcooperation in the Black Sea Region.†It faced an interesting paradox: the lack of (or, in the caseof existence, sub-optimal) economic relations between countries in this area, regardless of theirgeographical proximity. The paradoxical situation considered to be mostly due to their differenthistorical and political backgrounds. Therefore, a form of support of regional development in thearea was necessary, as it has been considered in EU's Black Sea Synergy, which encouragescooperation between countries in the Basin while offering a forum for solving common issues andpromoting political and economic reform. Regional cooperation in various areas stems from a highpolitical involvement as the main initiator but requires a strong involvement and participation ofboth civil society and private sector as main drivers of cross-border cooperation. Our paperfocuses, apart from its conceptual research background, on mapping the effective outcomes of theEU initiatives in the area and on providing future perspectives for EU contribution tostrengthening regional development and cooperation in the Black Sea Basin.

Keywords: Cross-border cooperation; Energy; Entrepreneurship; Regional Cooperation; Regional development (search for similar items in EconPapers)
JEL-codes: O1 O2 (search for similar items in EconPapers)
Date: 2017
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