Title

It's All About the Money

Tuesday, December 03, 2019
2:00pm
Cannon House Office Building, Room 210
Washington, DC 20024
United States
Corruption as a Brake on Balkan Recovery
Moderator(s): 
Name: 
Robert Hand
Title Text: 
Senior Policy Advisor
Body: 
Commission on Security and Cooperation in Europe
Witnesses: 
Name: 
Martina Hrvolova
Title: 
Program Officer for Europe and Eurasia
Body: 
Center for International Private Enterprise (CIPE)
Name: 
Igor Novakovic
Title: 
Research Director
Body: 
International and Security Affairs Centre (ISAC), Serbia
Statement: 
Name: 
Misha Popovikj
Title: 
Project Coordinator - Researcher
Body: 
Institute for Democracy Societas Civilis Skopje (IDSCS), North Macedonia
Statement: 
Name: 
Igor Stojanovic
Title: 
Researcher
Body: 
Center for Civic Initiatives, Bosnia and Herzegovina
Statement: 

As the countries of the Western Balkans continue to seek the integration that promises stability and prosperity, the inability to genuinely confront and overcome official corruption through good governance measures has undoubtedly slowed their progress. Foreign investment—vital to improved economic performance—is discouraged by a business climate characterized by weak adherence to the rule of law.  As a result, the countries of the region are witnessing a “brain drain” as the most talented and well-educated leave.  They also remain vulnerable to malign foreign investors, including Russia, that pursue political influence rather than profits.   

Current political leaders have little incentive to make further democratic changes that could lead to their removal from power; they instead rely on lingering nationalist sentiments to continue benefiting from the corrupt practices they tolerate.

At this Helsinki Commission briefing, experts from Serbia, North Macedonia, and Bosnia and Herzegovina analyzed the gaps in governance that facilitate the inflow of “corrosive capital” and subsequent foreign meddling in the Western Balkans, and encourage an exodus of the best and brightest from the region. Panelists also suggested specific ways to strengthen economic resiliency, democratic transition, and the possibilities for integration.        

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