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Deciphering the Greek economic diplomacy towards the Western Balkans: actors, processes, challenges

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  • Panagiotou, Ritsa
  • Tzifakis, Nikolaos

Abstract

From the mid-1990s and for over a decade Greece developed a very important and dynamic trade and investment relationship with most Western Balkan countries. The economic crisis in 2009 broke this momentum and led to massive declines in both trade and FDI. While trade transactions rebounded after 2016 and almost reached pre-crisis levels, the decline of Greek FDI has shown no signs of recovering, its most definitive sign being the departure of many Greek banks from the region. The objective of this project is to delve into the intricacies of Greek economic diplomacy, focusing on its conduct in the Western Balkan countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia) and exploring paths that could improve economic and business practices in the region. It does so by mapping out the multi-layered dimensions of Greek economic relations with the Western Balkans, highlighting problems and challenges that have emerged over the years, identifying key actors and stakeholders in the process, and making policy recommendations based on an evaluation of all the above.

Suggested Citation

  • Panagiotou, Ritsa & Tzifakis, Nikolaos, 2022. "Deciphering the Greek economic diplomacy towards the Western Balkans: actors, processes, challenges," LSE Research Online Documents on Economics 114288, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:114288
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    File URL: http://eprints.lse.ac.uk/114288/
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    References listed on IDEAS

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    1. George Magoulios & Vasilis Chouliaras, 2014. "The Repercussions of the Financial Crisis (2008) on the Foreign Trade Between Greece and the Balkan Countries (BCs)," Contributions to Economics, in: Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Economic Crisis in Europe and the Balkans, edition 127, pages 51-64, Springer.
    2. World Bank, 2019. "Doing Business 2019," World Bank Publications - Books, The World Bank Group, number 30438.
    3. D. Mario Nuti, 2009. "The Impact Of The Global Crisis On Transition Economies," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 54(181), pages 7-20, April – J.
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    • N0 - Economic History - - General

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