{"id":25821,"date":"2024-02-29T11:18:25","date_gmt":"2024-02-29T10:18:25","guid":{"rendered":"https:\/\/epi.org.mk\/?p=25821"},"modified":"2024-10-14T03:08:03","modified_gmt":"2024-10-14T01:08:03","slug":"the-potential-of-the-new-growth-plan-for-the-western-balkans","status":"publish","type":"post","link":"https:\/\/epi.org.mk\/en\/post\/25821?lang=en","title":{"rendered":"The Potential of the New Growth Plan for the Western Balkans"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-8\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The new Growth Plan for the Western Balkans (Growth Plan) proposed by the European Commission (EC) on 8 November 2023 aims to accelerate economic growth and the enlargement process of the six Western Balkan (WB) countries. It openly recognises that neither the level nor the speed of convergence between the WB and the European Union (EU) has been satisfactory. The Growth Plan rests on four pillars: enhancing economic integration with the EU\u2019s single market, boosting integration within the WB region, accelerating fundamental reforms, and increasing financial assistance to the region.<\/p>\n<p>The Growth Plan demonstrates a new awareness on the part of the EC that the policies implemented so far have not been successful and that additional instruments need to be employed to speed up economic development and the integration process of the WB to the EU. The focus is explicitly on accelerating the economic growth of the WB countries as the key ingredient for achieving their faster convergence with the EU, which is most welcome. However, the proposed means to achieve this goal are likely insufficient. This policy insight explores the limitations of the Growth Plan and offers some recommendations on how to enhance its effectiveness.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_btn3-container vc_btn3-inline vc_do_btn\" ><a class=\"vc_general vc_btn3 vc_btn3-size-md vc_btn3-shape-rounded vc_btn3-style-3d vc_btn3-color-purple\" href=\"https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans.pdf\" title=\"\">DOWNLOAD PDF<\/a><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-4\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left wpb_content_element\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<a href=\"https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans.pdf\" target=\"_self\" class=\"vc_single_image-wrapper vc_box_shadow_3d  vc_box_border_grey\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1058\" height=\"1497\" src=\"https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf-1.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf\" srcset=\"https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf-1.jpg 212w, https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf-1.jpg 768w, https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf-1.jpg 724w, https:\/\/epi.org.mk\/wp-content\/uploads\/The-Potential-of-the-New-Growth-Plan-for-the-Western-Balkans-pdf-1.jpg 1058w\" sizes=\"(max-width: 1058px) 100vw, 1058px\" \/><\/a>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"The new Growth Plan for the Western Balkans (Growth Plan) proposed by the European Commission (EC) on 8 November 2023 aims to accelerate economic growth and the enlargement process of the six Western Balkan (WB) countries. It openly recognises that neither the level nor the speed of convergence between the WB and the European Union [...]","protected":false},"author":4,"featured_media":25791,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119,156],"tags":[279],"class_list":["post-25821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-119","category-test","tag-csf-policy-insight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Potential of the New Growth Plan for the Western Balkans - EPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/epi.org.mk\/en\/post\/25821\/?lang=en\" \/>\n<meta property=\"og:locale\" content=\"mk_MK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Potential of the New Growth Plan for the Western Balkans - 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