Conclusion

Paskal Zhelev
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Paskal Zhelev: University of National and World Economy

Chapter Chapter 14 in Bulgaria in the Global Economy, 2025, pp 215-217 from Springer

Abstract: Abstract The conclusion of Bulgaria in the Global Economy synthesizes the key insights from the book-monograph, reflecting on the country’s economic trajectory, challenges, and opportunities. Bulgaria’s integration into the global economy has been shaped by its EU accession, regional cooperation, foreign trade dynamics, factor mobility, and engagement in global value chains. While progress has been made, persistent governance issues, regional and social disparities, and demographic challenges remain critical hurdles. The book underscores that successful integration requires active national policies rather than passive adaptation. A long-term vision, built on broad-based political and economic consensus, is crucial to overcoming policy instability and short-termism. Strengthening institutions and the rule of law, fostering innovation, and implementing well-designed structural policies will enable Bulgaria to capitalize on its latent comparative advantages. Strategic diversification of economic partnerships beyond the EU, coupled with investments in digitalization and green transition, will be key to strengthening Bulgaria’s economic resilience and long-term competitiveness. By combining stability with forward-looking policies, Bulgaria can navigate global uncertainties and establish itself as a competitive and innovation-driven economy in the evolving global landscape.

Keywords: Bulgaria’s economic integration; Institutional reform; Structural policy; Trade and investment; Global competitiveness (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:socchp:978-3-031-87923-4_14

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DOI: 10.1007/978-3-031-87923-4_14

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