European Union Integration: The Impact in Albanian Economy and Life

European Union Integration: The Impact in Albanian Economy and Life

RYSKULOV, Urmat
BERHANI, Riada

Most of the countries in South-East Europe have a political, economic and social goal to access the European Union. The focus of this paper is the process of Albanian accession in EU and its impacts on Albanian economy and life. Theoretical and empirical researches were used to analyze these impacts. The theoretical research analyzes the economic advantages and disadvantages of the increase of foreign direct investment which will result by the integration into EU as well as the political and social impacts. Empirical analysis forecast the trends of Gross Domestic Product and Foreign Direct Investment in Albania by using time series forecasting methods according to two different scenarios. It predicts that GDP will increase by 16.60-23.92% and FDI level in Albania will increase by 29.22-32.12%. Keywords: Albania, EU integration, FDI

Article
PeerReviewed

ISSN 2303-4564

International Burch University

2014-04-24

2443