Selected Issues Papers

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

Author/Editor:

Giacomo Magistretti ; Iglika Vassileva

Publication Date:

June 24, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Selected Issues Paper No. 2024/023

Subject:

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

Frequency:

Regular