Albania's economy in transition and turmoil, 1990-1997

Bibliographic Information

Albania's economy in transition and turmoil, 1990-1997

edited by Anthony Clunies-Ross, Petar Sudar

Ashgate, c1998

Available at  / 6 libraries

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Note

Includes bibliographical references (p. 250-253) and index

Description and Table of Contents

Description

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.

Table of Contents

  • Introduction: puzzle and paradox
  • Albania's distinctiveness
  • land, regions and people
  • politics, 1990-96
  • liberalization
  • privatization
  • stabilization
  • safety-nets and social security
  • institutional development
  • changes in production and trade patterns
  • public finance
  • labour and employment
  • financial institutions
  • foreign resources
  • events of 1997
  • prospects and priorities.

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