E3S Web Conf.
Volume 301, 2021VI International Scientific Conference “Territorial Inequality: a Problem or Development Driver” (REC-2021)
|Number of page(s)||8|
|Section||Analysis of Heterogeneous Spatial Systems|
|Published online||06 August 2021|
Open borders and cross-border cooperation in regional development
1 Prague Business School, Werichova str. 1145/29, 15200 Prague, Czech Republic
2 People Friendship University of Russia, Department of International Economic Relations, 6 Miklukho-Maklaya str., Moscow, 117198, Russian Federation
3 State University of Management, 99 Ryazansky Prospekt, Moscow, 109542, Russian Federation
* Corresponding author: firstname.lastname@example.org
Our paper focuses on the cross-border cooperation in regional development. Specifically, it examines the effect of open borders and international cooperation for the sustainable development of regions. We show that barriers hampering the free movement of capital and labour often lead to worsening the economic and social conditions of border regions and have negative effects on the regional development. Moreover, we provide evidence from recent history and examples of the European Union integration to stress the importance of opening borders and installing the well-functioning cross-border cooperation. In addition, we discuss the effects of the European single currency (as expressed in a classical model of the Open Currency Area) to demonstrate the effects of cross-border trade. Our results can be used by the economic experts and policy-makers who are preoccupied with removing trade barriers and economic sanctions and enhancing the economic prosperity.
Key words: cross-border cooperation / trade flows / barriers / integration processes
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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