Keywords: regional development, The Balkans, EU factor, EU enlargement, European Union, economic development, entrepreneurial sustainability, entrepreneurship, sustainable development, regional cooperation, small and medium-sized enterprises, SMEs
A regional-based approach towards economic development in the Western Balkans
This paper deals with economic development in the Western Balkans, the effect of the European Union (EU) and its likely entrepreneurial sustainability. An 'EU Factor' has been introduced, as it indicates that further EU enlargement could have a positive significant impact on business and economic expectations of international investors. The acquis communautaire is analysed together with a regional dimension of stability. Some common fundamental issues, such as regional cooperation as a means for promoting reconciliation and growth and development of Small- and Medium-sized Enterprises (SMEs) as a means for economic growth and sustainable development, are addressed.