Strategic Trade Diversification: Engagement of the Visegrad Group with the Western Balkans
Strategic Trade Diversification: Engagement of the Visegrad Group with the Western Balkans
Author(s): Ľubica Zubaľová, Kristína Drieniková, Nastasia MatúšováSubject(s): Politics / Political Sciences, Politics, Economy, Law, Constitution, Jurisprudence, National Economy, Supranational / Global Economy, International Law, Political Theory, Political Sciences, Governance, Economic policy, Government/Political systems, International relations/trade, Welfare systems, Developing nations, Political economy, Politics and society, Comparative politics, EU-Approach / EU-Accession / EU-Development, EU-Legislation, Geopolitics
Published by: Institute for Research and European Studies - Bitola
Keywords: Visegrad Group; Western Balkans; Trade Relations; Regional Stability; International Affairs; Regional Cooperation
Summary/Abstract: The Visegrad Group countries (Czech Republic, Poland, Hungary, and Slovakia) and the Western Balkan countries share strong historical trade and cultural ties, and their trade relations are becoming increasingly significant in the context of geopolitical changes and economic transformations in the region. Recent trends indicate growing mutual trade, and analysis of the Trade Complementarity Index reveals high trade compatibility, confirming the potential for effective cooperation. The Trade Intensity Index also shows high values, particularly for Hungary. This paper evaluates trade exchanges and examines the intensity and compatibility of economic relations, with a focus on the Visegrad Group countries’ trade with Serbia, their key trade partner. The results suggest that enhanced cooperation between the regions could bring substantial economic benefits and strengthen regional stability and competitiveness.
Journal: Journal of Liberty and International Affairs
- Issue Year: 11/2025
- Issue No: 2
- Page Range: 152-171
- Page Count: 20
- Language: English
