Black Sea Region: How Did They Fare ... SSRN-The Economies In The - Price

SSRN-The Economies in the Black Sea Region: How Did They Fare ...


However, the high unemployment rates and the corruption problem still pose big problems in both countries. Of the European Union candidate member-countries bordering the Black Sea Bulgaria's economic performance is considerably better than Romania's. Of the three former soviet republics bordering the Black Sea, Georgia showed the best economic performance, in particular in the late 1990s. PETER VAN DER HOEK Erasmus University Rotterdam (EUR) - Erasmus School of Law Journal of European Economy, Vol. Peter, "The Economies in the Black Sea Region: How Did They Fare After the Collapse of the Soviet Union?".Journal of European Economy, Vol. Terms of UseThis page was served by hermes 1 in 3.735 seconds. The economic performance of Russia and Ukraine is poor. The Russian economy might still have been shrinking without the support of high oil prices. The stabilization program does not meet its objectives and accession to the European Union is still far away. Their economies shrank severely in the 1990s. They will have a long way to go before accession to the European Union can be realized. Though the transition depression seems to have bottomed out, it is far from certain that the economic recovery is sustainable. To obtain your free copy, click on the Acrobat button. Turkey combined high economic growth with high inflation in the 1990s.