Does the Trade Exchange Ratio Affect Political Relations Between the Western Balkan Countries?

Abstract

During the political processes of the last 20 years in the Western Balkan region, various strategies have been proposed with the aim of bringing these countries closer to the EU, both in terms of democratic and economic standards. One of them was the Open Balkans, where it was thought that a strategy similar to those of the European communities would make these countries more interactive, but also more willing to move forward in terms of resolving the political issues that still hold the region hostage. In this paper, by analyzing some models, we will examine the impact of trade exchange ratios on political relations in the Western Balkans, taking into account historical, economic and geopolitical factors. Referring to the trade exchange ratio, we will see how it affects economic dependence. Some of the mechanisms used can cause: interdependence, political dominance and weakening of sovereignty. In the second part of the paper, we will focus on the political context in which the countries of the region build their foreign policy. In the third part, we will analyze trade as a political tool, economic dependence and the political influence it exerts. The influence of external actors on the trade of the countries of the region will be addressed in the fourth part of the paper. The question we raise in this article is: Does trade promote political harmony, or do stable relations enable trade? The relationship is often two-way. For this, we will examine both the positive impact and the limitations. Finally, there will be some recommendations that tell us that while trade relations significantly shape political relations in the Western Balkans, their impact is influenced by historical issues, external influences, and domestic politics. Sustainable political stability requires economic cooperation and concerted efforts to address unresolved conflicts.