Feedback mechanisms are the key to sequencing when it comes to regional integration; can mean that today's policy or institution alters the political-economy landscape in a way that makes it politically optimal for future governments to take further steps toward integration - even when these...

Although highly beneficial from a pragmatic point of view, Romania's accession in the European Union is problematic, especially in the long run and from a theoretical perspective. In the short run, adoption of european model emphasizes the advantages of economic integration. In the long run...

This paper analyzes the main characteristics of Bosnia and Herzegovina (B&H) accession and its focus on integration of B&H to the European Union (EU). The main aim is to show major elements of B & H integration into EU as a potential candidate state. The paper consists of brief relationship...

Since its foundation, the European Union contributed to the advancement of peace and reconciliation, democracy and prosperity in Europe. This process over the years has been followed by several challenges. This research observes the challenges and prospects of European integration for the...

The study is based on the critical observations that competitive market forces alone are not able to assure convergence with the developed countries. These observations are grounded on the results of the computation of the marginal rate of return to capital (which contradict the neoclassical...

Risks that are associated with an uncertain trading world have been dealt with using two different techniques in the literature: defensive, or insurance approaches, and preventive, or self-protection approaches. Much of the earlier work was emphasized by security issues but with the end of the...

Current European integration very much focusses on harmonisation and convergence. This streamlining goes far beyond what is demanded by economic reasoning and turns out - as the euro crisis has demonstrated - to foster tensions among EU member states instead of promoting a flourishing common...

For Germany and the other large BSR neighbors Poland an the Russian Federation Baltic Sea trade is of minor importance. The BSR is only one integration area — i.e. destination of its exports and origin of its imports — among a lot of peers being located in other directions of the compass...

This paper is motivated by the idea that the enlargement of the European Union is only one part of an overall process, known as economic integration, which characterizes the involvement of European economies into the global division of labor. Therefore, the paper aims at providing a quantitative...

Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate...