Albania: A Small Economy with A Great Hope

Type Journal Article - International Jo urnal of Business and Commerce
Title Albania: A Small Economy with A Great Hope
Author(s)
Volume 2
Issue 4
Publication (Day/Month/Year) 2012
Page numbers 0-0
URL http://www.ijbcnet.com/2-4/IJBC-12-2404.pdf
Abstract
n this paper we explore the necessary proposals needed to implement aiming the revitalization of the Albanian economy under a multidisciplinary context by simultaneously ensuring the banking system prosperity and the continuity of this symbiosis in favorable conditions for the parties of interest which can really boost the above mentioned economy. Definitely under globalization perspective the consequences of the global financial crisis appeared in the albanian emerging economy also albeit they weren’t devastating even though the country was willing to pay the price in reward of the European membership.The external shocks slowly transmitted to the Albanian economy a rapid fall of the remittances from the migrant workers, a jump of fiscal deficit, the increase of public debt,a sudden lending decline, an immediate fall of the foreign direct investments, an abducted increase of the inflation rate pursued from a partial trade collapse especially from euro zone, etc

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