Analysis of the Effects of the EU Official Development Assistance to the Western Balkans
Journal Title: Acta Economica - Year 2017, Vol 15, Issue 26
Abstract
Official development assistance (ODA) implies the movement of capital with a minimum of one quarter of grant. It was established in the second half of the previous century, with the aim of getting developed countries to set aside a part of their gross domestic product (GDP) as an aid intended for developing countries. In the European Union, development assistance implies a policy which was established at the very beginning of the integration process, but it was not until the Treaty on the European Union was signed that it obtained its legal basis. Today, the European Union is a key partner of developing countries, and together with member states it ensures more than a half of the ODA assets. The countries of the Western Balkans are categorized among the developing countries and receive aid via loans and grants from developed countries and international institutions. The European Union’s support is divided into the aid intended for the countries that are in the process of accession and the aid which is meant for other, less-developed countries. The distinction between these two forms of assistance is very difficult, because the character of the support changes in the course of accession process. The scientific problem that this paper deals with pertains to identification of the intensity of the European Union Official Development Assistance and the level of development of the Western Balkans. The assets of the European Union’s assistance to the region of the Western Balkans are necessary, yet not sufficient for achieving a higher level of development and the European standards in all directions.
Authors and Affiliations
Ognjen Erić
Keywords
Related Articles
- EP ID EP43843
- DOI https://doi.org/10.7251/ACE1726123E
- Views 283
- Downloads 0
Institutional efficiency as a function of export capability of small economies
Institutions and their efficiency are key factor towards strengthening of export capacities of small economies. Main responsibility for establishing these institutions and for their efficiency is up to the Government. Wi...
SMALL IS (STILL) BEAUTIFUL: A SYNTHESIS OF RESEARCH ON SMALL TOURISM FIRMS
Small tourism firms are symbolic of new trajectories of tourism development. On one level they represent spatial and sectoral spread of tourism within society and economy and on another level they represent a development...
INFLUENCE OF THE GLOBAL FINANCIAL CRISIS ON BOSNIA AND HERZEGOVINA WITH FOCUS ON THE BANKING SYSTEM
Goal of each responsible government is achieving of the financial stability as the basic precondition for the creation of the favorable environment for the development of the economy real sector. Global financial crisis...
INFORMATION AND INFORMATION TECHNOLOGIES FOR BUSINESS DECISION-MAKING
This work shall deal with the information that is used as resource for business decision-making, information technologies, information systems and the process of decision-making based on models. Information is a resou...
Tourism and economic recovery
Tourist sector in BiH has positive trends in all important growth indicators in the past decade, however, the space for using further its potential is still huge. With its natural resources and potential for outdoors tou...