The Political Economy of Regional Integration in the Western Balkans

International Journal of Economic Sciences and Applied Research, Vol. 4, No. 3, pp. 21-37

17 Pages Posted: 3 Jan 2012

See all articles by Pantelis Sklias

Pantelis Sklias

Dept. of Political Science & International Relations, University of Peloponnese, Corinth, Greece

Date Written: January 3, 2012

Abstract

The paper aims to identify the roots and causes of the failure of existing regional economic integration efforts in the Western Balkans and the poor prospects for similar attempts in the future. Existing classical political and economic approaches are enriched by identifying a framework of analysis to capture regional economic integration. Seven political economic variables to measure regional economic integration endeavors are introduced, namely: coincidence in political interests and political barriers, common perceptions, values, principles, culture, complete and mature institutions, complementarity of productive basis, inter-state trade and financial flows and transactions, technology, infrastructure. The framework analysis is applied by measuring these variables within the Western Balkans region. It is concluded that potential economic integration efforts in the region may be achieved only through a top-down approach, namely a European Union/International Community forced process, rather than resulting from genuine efforts initiated by the respective countries of the region.

Keywords: Political economy, Regional Economic Integration, Western Balkans

JEL Classification: F59, G01

Suggested Citation

Sklias, Pantelis, The Political Economy of Regional Integration in the Western Balkans (January 3, 2012). International Journal of Economic Sciences and Applied Research, Vol. 4, No. 3, pp. 21-37, Available at SSRN: https://ssrn.com/abstract=1978865

Pantelis Sklias (Contact Author)

Dept. of Political Science & International Relations, University of Peloponnese, Corinth, Greece ( email )

Corinth
Greece

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