Economic Development of the Black Sea Riparian Countries during 2004-2012
The Black Sea is politically divided between the European Union, countries aspiring to join the EU and the Russian Federation. From an economic perspective, the area has a huge potential for development and is “claimed” by the same political actors. In 1992, BSEC (Black Sea Economic Cooperation) w...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2014-05-01
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| Series: | EIRP Proceedings |
| Subjects: | |
| Online Access: | http://www.proceedings.univ-danubius.ro/index.php/eirp/article/view/1560/1424 |
| Summary: | The Black Sea is politically divided between the European Union, countries aspiring to join the EU
and the Russian Federation. From an economic perspective, the area has a huge potential for development and
is “claimed” by the same political actors. In 1992, BSEC (Black Sea Economic Cooperation) was formed and
it includes, along with the six riparian countries, eight countries in order to meet their economic power in
order to achieve regional development. In the period 2004-2012 the economy Black Sea countries
experienced strongly fluctuated, which was strongly connected to the global economy, the inflow of capital in
the region and the influence of the global economic crisis. |
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| ISSN: | 2067-9211 2069-9344 |