The purpose of this article is to provide a comprehensive comparative analysis of the economic performance, economic structure and trade relations of the Balkan countries, in order to detect basic trends and developments in the region. On the basis of this analysis, the article evaluates alternative scenarios regarding the prospects of the region in the evolving pan‐European economic order and discusses policy responses to the pressures generated by the interaction of the integration and transition processes in South‐eastern Europe.
George Petrakos, Stoyan Totev
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