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On Eagle's Wings - The Albanian Economy in Transition (Paperback)
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On Eagle's Wings - The Albanian Economy in Transition (Paperback)
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This book is a contribution by a diverse group of authors from the
academic, business and policy advice communities to our
understanding of recent social and economic developments in
Albania. The motivation for this book is that there are lessons of
wider importance to be learnt from the fascinating story of recent
Albanian developments. Michael Kaser opens the book with a
recounting of the country's history and political economy before
and during transition. He brings to the job nearly six decades of
professional experience as a diplomat and academic and an intimate
knowledge of Albania. This chapter provides a detailed political
history during transition up to late 2004. Dirk Bezemer contributes
an analysis of the collapse in early 1997 of the economy and
society brought about by Ponzi schemes. He links the lack of
productivity growth and the growth of a 'virtual' financial sector
to policy practice focusing on macro stability and state abstinence
from interfering in sectoral issues -- policies which are still
common in many transition and developing economies. Volker
Treichel, in a chapter reviewing the post-Ponzi economy, explains
how Albania has implemented tight monetary policy, stabilised the
exchange rate, implemented prudent fiscal polices, and achieved a
significant reduction in domestic borrowing, all contributing to
the decline of the overall deficit. Based on his expertise as an
IMF analyst, Treichel discusses Albania's macroeconomic prospects.
Nevila Konica documents the large Albanian emigration flows during
transition, leading to an estimated ten percent of the population
working outside Albanian territory. Based on her large primary
survey data set, she explores personal attributes that characterise
emigrants, as well as the extent of the brain drain'. She finds
that remittances from emigration have been vitally important to
Albania's economy by contributing to household incomes and reducing
domestic unemployment. Klarita Gerxhani delves deeper into the
nature of the informal economy and presents key insights from her
original academic research based on fieldwork in Tirana. In her
study of the street vending sector she traces its emergence to
clear push' and pull' factors. Ahmet Mancellari, Dhori Kule, Stefan
Qirici and Peter Sanfey consider the emigration issue in the
broader context of labour market developments. They analyse the
large regional differences in unemployment rate, the large share of
long-term unemployment and the persistently higher-than-average
unemployment rate and falling participation rate for women . They
also conclude that emigration reduced the pressure of unemployment
in the labour market and on the government's budget, and
contributed to financing imports, consumption and investments
through remittances. Gloria La Cava uses her research experience as
World Bank Senior Social Scientist specialising in the region to
address, jointly with co-author Rafaella Nanetti, the changing
socio-economic conditions that Albanians face. They focus on the
nature of people's vulnerability resulting from a loss of social
support during the transformation years, and on social programs
addressing new needs. World Bank analyst Malcolm Childress
discusses the 'unfinished business of land and property reform' in
Albania. He observes that land privatisation in rural areas has not
led to the emergence of a dynamic land market and the sustained
supply response which was expected. Urban property privatisation
has fostered a construction boom in Tirana and along the coast and
the creation of large areas of informal settlement on the outskirts
of Tirana and Durres. Childress provides an insightful discussion
of possible consequences. In the final chapter on agriculture,
Pasquale Pazienza highlight key problems of land fragmentation and
under-investment (particularly in the irrigation system),
illuminating the current situation with the post-war history of
agricultural and land reforms. He explores the determinants of
productivity in a production function framework taking a long-term
view, and draws out implication for what is still the largest
sector in Albania's economy.
General
Imprint: |
nova science publishers
|
Country of origin: |
United States |
Release date: |
September 2006 |
First published: |
2006 |
Editors: |
Dirk J. Bezemer
|
Dimensions: |
180 x 260 x 20mm (L x W x T) |
Format: |
Paperback
|
Pages: |
157 |
ISBN-13: |
978-1-60021-072-3 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-60021-072-4 |
Barcode: |
9781600210723 |
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