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

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  • George Petrakos

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.

Suggested Citation

  • George Petrakos, 2001. "Fragmentation or Integration in the Balkans? Strategies of Development for the 21st Century," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-17.
    • Handle: RePEc:bas:econst:y:2001:i:3:p:3-17
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    References listed on IDEAS

    as
    1. Christodoulakis, Nikos & Petrakos, George, 1997. "Economic Developments in the Balkan Countries and the Role of Greece: From Bilateral Relations to the Challenge of Integration," CEPR Discussion Papers 1620, C.E.P.R. Discussion Papers.
    2. Stoyan Totev, 2002. "Economic Performance and Structure of Southeastern European Countries--Albania, Bulgaria, FYR of Macedonia, and Greece," Eastern European Economics, Taylor & Francis Journals, vol. 40(6), pages 51-83, November.
    3. George Petrakos & Stoyan Totev, 2000. "Economic structure and change in the Balkan region: implications for integration, transition and economic cooperation," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 24(1), pages 95-113, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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