Bulgaria in Global Value Chains: Leveraging Integration with the EU

Released on by Giacomo Magistretti
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  • Bulgaria in Global Value Chains: Leveraging Integration with the EU Book Detail

  • Author : Giacomo Magistretti
  • Release Date : 2024-06-24
  • Publisher : International Monetary Fund
  • Genre :
  • Pages : 26
  • ISBN 13 :
  • File Size : 49,49 MB
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Bulgaria in Global Value Chains: Leveraging Integration with the EU by Giacomo Magistretti PDF Summary

Book Description: 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.

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