ABOUT THE AUTHORS
 
 
 
Elena Makrevska Disoska
 
 
 
Elena Makrevska Disoska, PhD is assistant professor at Ss. Cyril and Methodius University in Skopje, Faculty of Economics- Skopje, Department of International Trade. Her field of research is in international economics and European Economic Integration. She is engaged on subjects entitled: The EU Singe Market and International Organizations and Integration at the undergraduate studies. She is the author of the monograph: The Euro and the international trade of EU, published in 2015. She is also co-author of the research monograph entitled: Comparative Time Release Study published by the Ss. Cyril and Methodius University, Faculty of Economics – Skopje in cooperation with the Customs Administration of the Republic of Macedonia. So far she has been engaged in a number of national projects and has participated in many international and domestic workshops and conferences. She has also realized a short-term international research stay at the University of Mannheim, Germany in 2012.
 
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Journal of Liberty and International Affairs | Vol. 3, No. 1 | May 2017
 
 
 
INTEGRATION IN THE EUROPEAN UNION AS A DOUBLE-EDGED SWORD FOR THE WESTERN BALKANS
Elena Makrevska Disoska
 
 
 
 
Abstract
 
By analyzing the impact of the economic crisis on the Western Balkan (WB) countries, the paper concludes that their export, inflow of remittances and FDI have suffered due to the crisis. Regarding the rapid credit growth in years before the crisis it spurred an increase in imports, which in context of relatively uncompetitive economies, led to increased current account deficits despite significant remittances and FDI inflows. The impact of the crisis in the region can be explained mainly by their degree of European integration. But, the European Union (EU) is more uncertain to embrace the economically weaker countries, causing loss of EU credibility. It seems that the EU integration is a double-edged sword for the WB: in good times EU delivers its prosperity, but at a time of crisis, it is creating instability.
 
 
Keywords
 
economic crisis; transmission channel; Western Balkans; European Union
 
 
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