Publication

Sep 2013

This brief examines the potential implications of the global economic crisis for the Black Sea region, in particular the danger of a decline of Official Development Assistance (ODA) and/or remittances. Since most of the states in the region are highly dependent on these capital flows, such a decline could have tremendous socioeconomic effects. Drawing on the '3-for-1' model of collective remittances, this brief proposes a solution based on the idea that less capital could be more productive if deployed in the right manner.

Download English (PDF, 21 pages, 1.0 MB)
Author Ilia Roubanis
Series CIES Neighbourhood Policy Papers
Issue 13
Publisher Black Sea Trust for Regional Cooperation (BST)
Copyright © 2013 Center for International and European Studies (CIES)
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