Albania Today and then: The Drivers to Growth

Abstract

This study seeks to analyze Albania before and after the 90’s, the present situation and the consequences of theStalinist regime.The first part of the paper examines Albania’s milestones of the past, mainly EnverHoxha’s communist regime and his economic policies until 1991; how it started, and how it evolved until its end.Then, it will describe Albania after the breakdown of communism, which still had to handle and manage multiple problems while traversing from one stage to another – the train of transition and the internal and external difficulties that come with it. One of the most essential elements of this analysis is the part of the incentives to economic growth.Questions to visualize about: Does the society save and are those savings applied to effective investments? Is the population growth modest? Are the policies stable, robust and effective in application? Is the country open to international trade, international capital flow, the movement of people, and the movement of information (knowledge)? The paper concludes that Albania has a bright future forward despite all the adversities it went through. By adding proper education to economic development, Albania will be the country of entrepreneurs, filled with sundry opportunities.

DOI: 10.5901/ajis.2013.v2n3p413