Mr. Franz Josef Grenzebach with Dr. Marco Arndt, head of the office of Konrad-Adenauer-Stiftung in Sofia, launching Future Workshop Bulgaria.
Prosperity for Bulgaria - Varna as a model
A concept for a shift in the policy for Eastern Europe
One of the major objectives of the expansion of the European Union was to stabilize Europe and to support the economically disadvantaged countries to build public prosperity. The focus is on Eastern European countries.
Among other things, the following rights have been secured for all member states:
Elimination of customs duties;
Personal freedom (freedom of establishment);
The right to work.
Along with the political will for a common Europe and the related peacekeeping, there is another goal in focus of the EP and the EC: expansion of infrastructure as the basis for economic development of the disadvantaged new EU members. One of the main objectives was the equalization of wealth. The concept was led by the laws of the market that following the development of modern infrastructure an economic dynamic would develop.
The new member states were anticipating considerable investments from different EU industries. But these remained to a relevant extent. As a result, a very limited amount of qualified jobs were created, which led to migration of young academics to Central Europe.
From a macroeconomic point of view, a relative increase of prosperity can be reached only by changing distribution. Specifically, this means that the inflows intended to wealthy participants have to be distributed to less wealthy participants. This is a method that has failed many times in history and should be avoided in any case.
What can be done in order to reach prosperity? Read the vision of Mr. Fraz Josef Grenzebach here.