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Kevin Koerner

50 (49-50)
January 25, 2013
49
In this study, we analyse some of the political and economic consequences of the Arab Spring and assess opportunities and challenges for the affected countries. Political instability has taken a toll on the region’s economies. There has been a sharp slowdown in economic activity, deteriorating external and fiscal accounts and decreasing FX reserves. The long-term challenges for the region remain as pressing as ever: high unemployment (especially among the youth), inefficient subsidy regimes and low trade diversification, among others. Expectations for rapid improvement after the Arab Spring will be disappointed, but there is a chance that less oppressive governments will be more responsive to their peoples’ demands and thus at least attempt to tackle those problems. [more]
August 24, 2012
Region:
50
We assess the economic outlook for the Western Balkan region, including Croatia, Serbia, Albania, Bosnia-Herzegovina, Macedonia, and Montenegro. Each country in the region is on the road to EU accession, though they are at very different stages of the process. The most advanced, Croatia, is set to become the EU’s 28th member towards the middle of next year. For the rest, it could be a long road given the economic and political challenges that they face, and also a sense of enlargement fatigue among some existing member states. [more]
11.0.10