The Western Balkans region has come a long way over the last two decades in achieving economic and social progress. With a population of 17.6 million, the region today boasts a combined gross domestic product (GDP) of close to EUR 100 billion, an average GDP per capita of about EUR 5 400 and a...

In the era of globalization, the world trade is growing faster than production. Countries are opening up to the global market and they are liberalizing trade. The result is accelerated growth in exports and imports, with exports increasingly becoming a new development paradigm. Many countries...