Author: Valbona Zeneli - MC Series: Security Insights, Number 21 - Published:September 2017

sipaper21This paper explores the dire economic situation in the countries that make up the Eastern Partnership, which is a joint initiative involving the European Union, Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine. Building economic resilience is imperative and requires a multidimensional and regional approach. It is crucial to strengthen the rule of law in the EaP countries. To foster economic development, it is imperative to create a friendly business environment through simplification of procedures, judiciary reforms, and an effective fight against corruption.

Effective rule of law is necessary to attract Foreign Direct Investment (FDI), which is crucial for sustainable development in the region. The European Union integration process is the most important driver for serous economic and political reforms in the region. Membership in the EU may seem distant, but the EU instruments for support in structural reforms, infrastructure projects, and good governance are crucial. Finally, regional economic cooperation through the promotion of free trade agreements or regional infrastructural projects is imperative to boost the regional economy.

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