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

By Giacomo Magistretti, Iglika Vassileva

June 24, 2024

Preview Citation

Format: Chicago

Giacomo Magistretti, and Iglika Vassileva. Bulgaria in Global Value Chains: Leveraging Integration with the EU: Bulgaria, (USA: International Monetary Fund, 2024) accessed December 21, 2024

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.

Subject: Balance of payments, Competition, Exports, Financial markets, Foreign direct investment, Global value chains, Globalization, Imports, International trade

Keywords: Backward linkages, Bulgaria, Competition, EU accession, EU country, EU single market, Exports, Foreign direct investment, Forward linkages, Global, Global value chains, Imports, International trade, Leveraging integration with the EU, Links with EU, Machine learning, SHAP values

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2024/023
Stock No:

SIPEA2024023
ISBN:

9798400280580
ISSN:

2958-7875

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