Globalization Challenges and Opportunities for the Western Balkans Economies

Bc. Xhoni Haka, BA

Master's thesis

Abstract:

The goal of this diploma thesis is to analyze the current state of play in globalization for the Western Balkan states, notably Serbia, North Macedonia, Kosovo, Albania, Bosnia and Herzegovina, and Montenegro. The thesis relied heavily on the quantitative approach, where relevant socioeconomic indicators were analyzed with the help of time series analysis, descriptive analysis, and correlation analysis. One of the main goals of the thesis lies in formulating a series of recommendations and also coming up with a relevant conclusion about the current state of globalization and also the direction of internalization processes for the region. Ultimately, it is suggested that the globalization processes are actively happening and developing for the region as all countries managed to increase their levels of economic activity, development, and also participation in the world economy. Additionally, it is concluded that all countries entered the path of active globalization and internalization and as time will progress, the degree of being integrated into the world economy will keep on increasing.

Keywords

Western Balkans, globalization, opportunities

Language used: English

Date on which the thesis was submitted / produced: 1. 12. 2023

Thesis defence

• Date of defence: 8. 2. 2024
• Supervisor: Oldřich Ludwig Dittrich, MPH Ph.D.
• Reader: Jiří Novosák, Bc., externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management