Bulgaria in Global Value Chains: Leveraging Integration with the EU: Bulgaria

As a small open economy, Bulgaria benefits from economic exchanges with global partners.
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Volume/Issue: Volume 2024 Issue 023
Publication date: June 2024
ISBN: 9798400280580
$15.00
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Topics covered in this book

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Exports and Imports , Finance , Bulgaria , global value chains , forward linkages , backward linkages , international trade , machine learning , SHAP values , EU accession , EU single market , leveraging integration with the EU , EU country , links with EU , Exports , Foreign direct investment , Imports , Competition , Global

Summary

As a small open economy, Bulgaria benefits from economic exchanges with global partners. However, after a boost before the Global Financial Crisis and EU accession, its integration in global value chains has been growing only modestly in recent years and it remains particularly low when it comes to links with EU partners. To capitalize from the integration with the EU Single Market and exploit the opportunities that will come from joining the euro zone and the Schengen area, Bulgaria should focus on enhancing its non-cost competitiveness by improving its governance and investing in infrastructure and human capital.