Small Partners in Regional Integration – The Case of Western Balkan Countries

Trajkova Najdovska, Natasha and Obednikovska, Snezana (2021) Small Partners in Regional Integration – The Case of Western Balkan Countries. XVI. International Balkan and Near Eastern Congresses Series on Economics, Business and Management, IBANESS Congresses Series on Economics, Business and Management-.

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It is widely recognized that regional integration agreements (RIA) have influence on trade patterns, income levels, allocation of recourses, and localization of the economic activities in member countries. Highly dependant on type of the RIA, these effects can be either positive or negative and can have different dimension. Following the most successful RIA, European Union, we can conclude that this agreement is beneficial one leading to income levels’ convergence on a higher level. Namely, many studies on EU case show that trade effects are favorable for the Union as a whole and for every particular country. Although there are some contra arguments, it seems that trade creation effects exceed trade distortion effect i.e. trade diversion. The question arising here is - whether some other factors rather than simple enlargement of the market cause this positive result in EU case? Additionally, is the economic size of member countries relevant, supporting or hindering factor that influences the results of integration?

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Prof. d-r Natasha Trajkova
Date Deposited: 09 Jan 2023 09:03
Last Modified: 09 Jan 2023 09:03

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