EXPORTING ECONOMIC SECURITY TOWARDS THE EUROPEAN UNION: EASTERN NEIGHBORHOOD IN CONTRAST TO SOUTHERN MEDITERRANEAN

Abstract

A prosperous neighbourhood for a developing country is an undeniable fact. Among most eloquent examples serves the European Neighbourhood Policy (ENP) that is subject of large debates. In this context, we are used to get knowledge about the benefits that the ENP brings to Eastern and Southern Mediterranean partners. On the other hand, many studies criticize the European Union (EU) foreign policy as presenting weak incentives and conditionality. Nevertheless, this situation requires from our point of view a thorough analysis about the share of economic security that is “imported” by the EU due to the ENP implementation in its immediate vicinity. Thereby, an empirical analysis is going to be carried out in this article where the manoeuvre with some statistic data and macroeconomic indicators within economic security typologies is expected to generate useful insights in order to identify: Who generates more economic security gains for the EU? In more details, tracing the analytic parallel between economic measures within the European Neighbourhood Policy and contemporary approach to economic security, namely according to the European vision of security it enables the author to reach conclusions which of the EU's neighbours show more economic certainty and security. If this correlation generates positive results, then the author will assert that the EU offer regarding the Neighbourhood Policy is prospective for recipients but also for the EU in terms of economic security "import"