Globalization and Perspective of Economic Relations Between Turkey and Albania

Abstract

In the context of the globalization process, in this paper, are analyzed the Turkish-Albanian economic relations and their perspective. Since Albania and Turkey are two countries with open economies, with a century old common history, it is interesing to analise the economic relations between them. This becomes even more interesting in terms of the features of their economic development. In the past ten years, Turkey has experienced only high rates of economic growth, achieving seventh place in Europe in GDP indicator and the 15th in the world. Turkey has an economy that was not affected by the financial crisis and global recession. The material analyse two main branches of the Turkish economy: agriculture and industry. Furthermore it is presented the dynamics of some key economic indicators, the dynamics of unemployment, GDP and inflation. Moreover, it is exposed the order of the Turkish economy in relation to the European economy and the world economy, Turkey's relations with the world, etc. Recently, the Albanian economy has marked progress. In the paper are presented some of the main economic indicators of economic areas,focusing on such indicators as: GDP, inflation and unemployment. Also, we have analysed the existing bilateral relations between Turkey and Albania. The analysis is focused mainly on Turkish investments in Albania and export-import relations. Changes in economic structure and ownership, associated with corresponding changes in legislation have created the possibility of a new collaboration. Up to now the relationship between the two countries, despite the historical connection, have been unsatisfactory. This fact is confirmed and emphasized by leaders of the two countries. In the material is also considered the prospect of Turkish-Albanian economic relations. It is presented the vision of Turkish Government in 2013. Albanian economy What offers the Albanian economy to the Turkish economy? Which are the strengths and weekness? What are the problems faced by Turkish businessmen in Albania?

DOI: 10.5901/jesr.2014.v4n2p4224a>