Albania's Economy in Transition and Turmoil, 1990-97
Anthony Clunies Ross, Petar Sudar
Ashgate, Jan 1, 1998 - Business & Economics - 256 pages
This work draws attention to the distinctive features of Albania's transition as well as those it shares with other Central and East European economies. The distinctive features include: very low income base; large proportion of the work force in agriculture; rapid restoration of macroeconomic stability (stable exchange rate and low inflation); large proportion of working-age population emigrated; and quite exceptionally high economic growth in the last four years to December 1997. It examines the inter-relationships of these features, including an account and tentative analysis of the events of 1997, with an attempt to explain why the failed financial institutions (again without parallels elsewhere in the ex-Communist state) existed and behaved as they did.
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Puzzle and Paradox
Land Regions and People
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ACFIP activities agriculture appears assets average Bank of Albania Berisha cash central bank changes chapter Commercial Bank Communist contributions countries deficit Democratic deposits districts domestic Durres EBRD Elbasan election emigration employees enterprises estimates Europe European exchange-rate exports fairly farm figures firms foreign capital foreign direct investment foreign investment Gjirokaster Greece growth Hoxha important income increase industry inflation institutions Keesing Kosovo Kucove land leke less liberalization loans market economy mass-privatization million monetary months official output Party pensions period political population President of Albania private sector probably proportion pyramid funds Ramiz Alia regime regulation revenue rise Romania rules rural seems Shkoder Social Assistance social-security stabilization state-owned strategic investor Table trade transition economies unemployed Unemployment Benefit University of Strathclyde University of Tirana urban Vlore vouchers wage workers Xhillari