Impact of asymmetry of potentials on sustainable development of transborder economies

Abstract

Basic thesis of the paper is that main driving forces of development as well as economic stagnation, crises, shocks or catastrophes in transborder economies are the asymmetries of resources, capitals and potentials between neighboring regions or small areas belonging to different countries. In modern economy most important are the asymmetries of institutional regulations, laws and procedures binding different countries. The asymmetry of power of influence of some countries on other countries can be strengthened or weakened of national laws and institutions. Nowadays the institutional asymmetries are deciding how the transborder asymmetries between other resources, capitals and potentials – demographic, social, infra-structural, industrial, natural, etc. – influence on the sustainability of development of transborder economies.
In globalized world more and more important for sustainable development of transborder economies are the processes of the reduction of asymmetries introduced or extorted by the laws, directives or conventions of international or supranational organizations. Central governments of the member states of international organizations should evaluate these directives from the point of view of transborder processes, remembering that for micro, small and medium economies the transborder processes are of macroeconomic significance.
Common transborder information platform providing verified and complex data for all stakeholders (central and local governments, businesses, NGOs, research institutes, universities, individuals) are necessary for optimal cooperation and sustainable development of trans-border economies.