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...

The purpose of this research is to provide a general overview of the accession process with a special reference to the economic integration and the challenges of the Republic of Macedonia in the road of joining the European Union. The European Council of December 2005 granted the status of...

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...

Versiunea acestei lucrări în limba română poate fi găsită la: 'http://ssrn.com/abstract=2597283' http://ssrn.com/abstract=2597283After the Soviet domination collapse in the Eastern Europe, the countries from the Balkans, with the exception of Greece and Turkey, entered into a quite long...

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...

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...

We use industry valuation differentials across European countries to study the impact of membership in the European Union as well as the Eurozone on economic and financial integration. In integrated markets, discount rates and expected growth opportunities should be similar within one industry,...

The book lays down the basis of sociology of the European Integration. It considers the process of integration, communications, and modernization at global level, inside the European Union and its enlargement, the accession of Bulgaria. The components of triad integration - communications -...

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...

Galvanized by the devastation of the Second World War, European countries achieved a historically unprecedented and unparalleled level of regional economic integration in the postwar period. Intensive cooperation between the two biggest powers of continental Western Europe, France, and Germany,...