HARMONIZATION AND CONVERGENCE OF ECONOMIC CRITERIA IN MACEDONIA IN LIGHT OF ACCESS TO THE EUROPEAN UNION
HARMONIZATION AND CONVERGENCE OF ECONOMIC CRITERIA IN MACEDONIA IN LIGHT OF ACCESS TO THE EUROPEAN UNION

Summary/Abstract: The main objective of this paper is to analyze the actual process of harmonization and convergence of economic criteria in Macedonia in light of access to the European Union. Therefore, this paper will explain the economic criteria that need to be seen in the context of the increasing importance of economic governance in Macedonia on its path towards the European Union, and it will propose necessary reforms in this segment.The paper consists of 4 parts. The first part of this paper presents an introduction to the framework that will explain the subject of research, while the second part focuses on the existence of a functioning market economy in Macedonia within which we analyze: the economic policy essentials, macroeconomic stability, the interplay of market forces, market entry and exit, the legal system, and the financial sector development. The third part of this paper explains the capacity to cope with competitive pressure and market forces within the European Union, and in this part of the paper we analyze: the human and physical capital, sectoral and enterprise structure, state influence on competitiveness as well as the economic integration and convergence with the European Union. Finally, in the fourth part of this paper conclusion, we are giving our basic conclusions that will arise from our paper and we recommend the necessary reforms aimed at the promotion and fulfillment of economic criteria in Macedonia on its road to the European Union.

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