Foreign trade competitiveness of the Balkan countries under the conditions of globalization

The development of international trade on the world scale under the conditions of globalization, more than ever in the economic history has given prominence to the issues of given countries’ competitiveness and foreign trade companies. Competitiveness in foreign trade is a complex category affected by the factors of both economic and non-economic nature. With the increase of the degree of liberalization of foreign trade globally, competitiveness represents a very important factor that the results in this particular trade depend on and, consequently, realization of the developmental and stabilization objectives in the progress of trade. The Balkan countries are making efforts, through diverse forms of regional economic networking and economic cooperation, to define their competitiveness in foreign trade in such a way so as to ensure its higher level. The actions of this kind should change their relatively unfavorable position in international trade and improve the state in their foreign trade balance as well as balance of payments. In doing this, they encounter numerous problems of economic and non-economic nature, namely those that still condition their low competitiveness in foreign trade.