Macroeconomic flows in CEFTA countries

Abstract

Western Balkan countries are in transition and late process of European integration. They are putting their efforts to build market structure, institutions and macroeconomic stability. The key to economic recovery and regional stability in Southeast Europe (especially Western Balkans) economies is creating a free trade area. The aim of the paper is to analyse regional integration processes in the Western Balkan Countries (CEETA) as well as their economic objectives and results. Data on economic flows in the Western Balkan countries will be used as the basis for the I-distance classification. The result of such classification can be considered a measure of the achieved degree in the transition process.