Since 2014
Albanian Industry Problems and Perspectives, in Front of the Crisis and International Labor Allocation
European Journal of Sustainable Development
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| Title |
Albanian Industry Problems and Perspectives, in Front of the Crisis and International Labor Allocation
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| Creator |
Ruspi, Ermonela; Faculty of Education and Social Sciences, Economic Department, Gjirokastra University, Albania. Muco, Klodian; Faculty of Education and Social Sciences, Economic Department, Gjirokastra University, Albania. Mitaj, Arjola; Faculty of Education and Social Sciences, Economic Department, Gjirokastra University, Albania. |
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| Description |
Recently the Albanian economy has continuously recorded a significant reduction of the GDP growth rate, from 7.5 % in 2008 to 1.3% in 2013. This decline is followed by the deficit and public debt increase, where the latter reached in 70.4% in March 2014,compared to 59.9% in 2009. The interesting fact to note is that, although the 2008 financial crisis first was initiated in USA, it has influenced the economic development of all the countries. While our country that was indirectly affected by the crisis hasexperienced a substantial decline of remittances, significant reduction of FDI, and shrunken labor market dynamics even in those activities that generated employment at a large extent although under the legal and vital minimum wage such as fasson or callcenter services, which has directly affected unemployment growth and domestic consumption reduction.This paper aims to provide an analysis of the Albanian economy from two main aspects, both macroeconomic and microeconomic. In the first part it will be discussed recently Albania's economic performance and the main factors affecting its growth in the longterm. While in the second part it will be discussed Albanian productive structure, analyzing the changes of export structure of Albania, its production specialization, speaking about labor intensive sectors and their impact on the domestic economy.Keywords: foreign trade, economic development, commercial specialization.
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| Publisher |
European Center of Sustainable Development
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| Contributor |
—
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| Date |
2014-10-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/141
10.14207/ejsd.2014.v3n3p93 |
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| Source |
European Journal of Sustainable Development; Vol 3, No 3; 93-102
2239-6101 2239-5938 |
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| Language |
eng
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| Relation |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/141/135
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| Rights |
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.Authors of articles published in the European Journal of Sustainable Development retain copyright on their articles. Authors are therefore free to disseminate and re-publish their articles, subject to any requirements of third-party copyright owners and subject to the original publication being fully cited. The ability to copy, download, forward or otherwise distribute any materials is always subject to any copyright notices displayed. Copyright notices must be displayed prominently and may not be obliterated, deleted or hidden, totally or partially.
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