Analysis of the Economic Situation in Case of the Membership Expansion in the EU, an Approach toward Western Balkans
Analysis of the Economic Situation in Case of the Membership Expansion in the EU, an Approach toward Western Balkans

Author(s): Rovena Vangjel, Mateus Habili, Merjemë Zyko
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, International relations/trade, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: objectives; economic integration; macroeconomic issues
Summary/Abstract: This research paper seeks to examine the economic situation that arises in the context of EU membership expansion, focusing on the approach of Western Balkans. We aim to conclude if the current situation of the European Union would benefit from the inclusion of new members. Achieving the paper’s objectives required the analysis of crucial aspects such as investigating how EU membership expansion until today has impacted the economy of the union and whether new entrants experience accelerated growth and convergence with the more developed economies, studying the dynamics of labor mobility between existing and new member states and other economic exposures. The analysis in this paper used secondary data obtained from statistical platforms such as World Bank Statistics Eurostat, focusing on the data of the years when the most considerable accessions to the union happened due to higher visibility of the economic effects. The study contributes to a deeper understanding of the complex dynamics accompanying the integration of new economies into the European Union, concluding that the scope of a genuine analysis considering the current period will always lead to making the most accurate decision.

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