Publication:
An Economic Agenda to Accelerate Convergence of the Western Balkans with the European Union

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dc.contributor.authorPontara, Nicola
dc.contributor.authorMedic, Pavle
dc.contributor.authorRelic, Ana
dc.contributor.authorRichard, Richard
dc.date.accessioned2025-03-17T18:45:55Z
dc.date.available2025-03-17T18:45:55Z
dc.date.issued2025-03-17
dc.description.abstractThe enlargement of the European Union towards the Western Balkans is experiencing unprecedented dynamism, supported by the launch of a tailored Euro 6 billion growth plan. This renewed momentum offers an important opportunity for the Western Balkans to accelerate economic convergence with the standards of living of their European peers, which has stalled. Drawing on the development trajectory of the Western Balkans and selected New Member States during 1991-2023, and simulations measuring the impact on gross domestic product (GDP) of specific policy reforms, this policy note puts forward a new economic agenda for the Western Balkans - to be implemented in synergy with the growth plan. The analysis shows that if these countries can reach the levels of New Member States with respect to the strength of institutions, level of investment, volume of trade, and quality of education, their growth rate can as much as double.en
dc.identifierhttp://documents.worldbank.org/curated/en/099627403172537816
dc.identifier.doi10.1596/42962
dc.identifier.urihttps://hdl.handle.net/10986/42962
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectWESTERN BALKANS
dc.subjectEUROPEAN UNION ENLARGEMENT
dc.subjectWB6
dc.subjectGROWTH AND CONVERGENCE
dc.titleAn Economic Agenda to Accelerate Convergence of the Western Balkans with the European Unionen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-03-17
okr.date.doiregistration2025-04-14T11:49:30.809431Z
okr.date.lastmodified2025-03-17T13:05:10Zen
okr.doctypeEconomic & Sector Work::Europe and Central Asia in Focus
okr.docurlhttp://documents.worldbank.org/curated/en/099627403172537816
okr.guid099627403172537816
okr.identifier.docmidIDU-73105465-b470-4d10-8201-170abfdcb705
okr.identifier.externaldocumentum40001163
okr.identifier.internaldocumentum40001163
okr.identifier.report197845
okr.import.id6885
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099627403172537816/pdf/IDU-73105465-b470-4d10-8201-170abfdcb705.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryAlbania
okr.region.countryBosnia and Herzegovina
okr.region.countryNorth Macedonia (Formerly the Former Yugoslav Republic of Macedonia)
okr.region.countryMontenegro
okr.region.countrySerbia
okr.region.countryKosovo
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.unitECCYU - WB Office: Belgrade
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