PROSPECTS OF THE WESTERN BALKANS DEVELOPMENT IN TERMS OF SECURITY AND ECONOMIC COOPERATION Cover Image

PROSPECTS OF THE WESTERN BALKANS DEVELOPMENT IN TERMS OF SECURITY AND ECONOMIC COOPERATION
PROSPECTS OF THE WESTERN BALKANS DEVELOPMENT IN TERMS OF SECURITY AND ECONOMIC COOPERATION

Author(s): Cristina Găluşcă
Subject(s): Economic policy, International relations/trade, Security and defense, EU-Accession / EU-DEvelopment
Published by: Carol I National Defence University Publishing House
Keywords: regional cooperation; membership perspectives; economic system;

Summary/Abstract: The profound economic crisis requires the reevaluation of the usefulness of EU’s policy instruments. It is said that structural and cohesion funds must be used more to counteract the recession’s effects and for fiscal consolidation in the euro area countries. The current challenges to peace and security require a global response based on cooperation and an effective multilateral system. At the level of the financial-economic system, in the component states of the former Federal Republic of Yugoslavia, we can speak of a differential evolution, driven by specific national policies. All countries need to focus on good governance, rule of law and the acceleration of economic reform. Western Balkan countries are surrounded on all sides by EU Member States. The prospect of membership encouraged them to prioritize their objectives that they share with the EU. Cooperation between NATO and the EU in the Balkans provided the best example of what the two organizations can do together.

  • Issue Year: 2011
  • Issue No: 39
  • Page Range: 80-92
  • Page Count: 13
  • Language: English