Impact of the global economic crisis on the transition of Western Balkans states

Maystrenko Iuliia
specialist of department of international relations, Odessa national university the name of I.I. Mechnikov, E-mail:artuh_ulya@inbox.ru

Cite this article:

Maystrenko I., (2015) Impact of the global economic crisis on the transition of Western Balkans states. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 4(224), pp. 143-153.

Abstract

The article considers the impact of the economic crisis on the transformation processes in the Western Balkans countries. It was systematized scientific work of researchers of various national schools, revealing the common causes of the crisis and its displays in the Western Balkans. It was analyzed the reasons and nature of the crisis. It was found out the basic mechanisms of "penetration" of the global economic crisis in the Western Balkans. The study showed the factors that were crucial for the spread of the crisis. It was analyzed the reasons varying intensity impact of the crisis on the region. The connection between the intensity of the manifestations of the economic crisis and the level of integration of the country into the global economy and international structures were described. Article investigated effects of the crisis in each country of the region, identified common and different features. Analyzes mentioned the influence of international organizations (especially the IMF and the EU) in overcoming the crisis.

Keywords

economic crisis, foreign direct investment, Western Balkans, EU, IMF transformation.

JEL classification: F60

UD classification: 339.747:32[(496.5)+(497.1)+497.4/6)]”2008/2015”

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