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Keywords

trade, cooperation, growth

Abstract

The purpose of this paper is to explore the status of economic cooperation among countries in the South East Europe (SEE) with particular attention on the cooperation between Macedonia and Albania. In line with the SEE 2020 Strategy adopted by the EU aspiring countries in 2013, increased intra-regional cooperation among the countries should be used as a preparation for a smooth and faster European and Euro-Atlantic integration. This paper provides an in-depth analysis and statistics of the overall economic cooperation, trade patterns and capital movement among the countries and identifies major obstacles for increased cooperation that could result in higher economic growth rates. The paper concludes that while the cooperation among countries of former Yugoslavia is stronger, the level of cooperation between Macedonia and Albania is still very low and could be significantly increased provided certain policy instruments are implemented.

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