CEFTA

The Western Balkans - A Role for Industrial Policy

Some scholars underline the need to foster industrial development in the Western Balkans. They also highlight the difficulties of such a strategy because of the lack of protectionism – which leads to a rather pessimistic assessment of economic prospects in the region.

In this short note, I recall the importance of manufacturing industries for growth and the renewal of interests for industrial policies. I also indicate that there is room left for active industrial policies in the context of liberalizing economies – what matters is not so much the label ‘industrial...

Regional Initiatives in the Balkans and the Economic Development

Since the termination of hostilities in the Balkans, as illustrated by the 1999 Stability Pact, CEFTA 2006 and the SEE 2020 Strategy, there were initiatives to foster new relations between former belligerents, for the sake of peace, reconstruction and recovery.

In this short note, we report key-features and economic outcomes of these initiatives, underlining their importance for the development of the countries in the region and their journey toward the EU.

We also report concerns about the actual economic and social prospects in the region, which could...

CEFTA and the SEE 2020 Strategy: The Importance of Trade Facilitation

Regional trade within CEFTA is still strongly impeded by time-consuming and costly procedures and formalities, especially when crossing the borders that separate member countries. Trade facilitation may help address and reduce these obstacles – specifically, trade facilitation relates to the simplification and standardization of all formalities and procedures at the borders, which is expected to decrease border-crossing costs and, as a result, it should expand further regional trade.

In that context, the South Eastern Europe 2020 Strategy (SEE 2020) provides a...

Kosovo – A Country in the Making. The Case of Trade Policy

Kosovo is not just a country in transition, it is also a new country, which means that state bodies had to be created, most often from scratch, new laws had to be adopted and enforced, and new policies had to be engineered and implemented – all in a newly established democratic environment, with competing political parties and evolving views about the future of the country. Such drastic changes require time and resources; there might also be “trials and errors” and subsequent adjustments. In that context, trade policy is of prime importance, because it helps Kosovo establish new relations...