Albania in Crisis

Albania in Crisis

by Daniel Vaughan-Whitehead
     
 

ISBN-10: 1840640707

ISBN-13: 9781840640700

Pub. Date: 06/01/1999

Publisher: Elgar, Edward Publishing, Inc.

This book presents, for the first time, a comprehensive analysis of the different factors behind the 1997 political, economic and social crisis in Albania. It shows that the crisis was both predictable and complex, and not simply a matter of a disgruntled population attempting to regain their money. Using extensive and detailed evidence Daniel Vaughan-Whitehead…  See more details below

Overview

This book presents, for the first time, a comprehensive analysis of the different factors behind the 1997 political, economic and social crisis in Albania. It shows that the crisis was both predictable and complex, and not simply a matter of a disgruntled population attempting to regain their money. Using extensive and detailed evidence Daniel Vaughan-Whitehead identifies the major reasons for the growing discontent and final explosion: the increase in unemployment, the collapse of industrial production, the inefficiency of the banking system, the limitations and drawbacks of foreign investment, the failure of mass privatization, falling living standards and rising poverty. He examines the consequences of the crisis at the enterprise level by region, sector, industry and property from using a unique survey of over 1,000 enterprises. In conclusion he offers a series of policy recommendations with a view to regenerating production whilst avoiding a new social explosion in a destroyed economy further threatened by political instability and the conflict in Kosovo. This unique book will be essential reading for all academics working in the area of transition as well as policy-makers from international organizations involved in transition economies.

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Product Details

ISBN-13:
9781840640700
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
06/01/1999
Series:
In Association with the International Labour Office Series
Pages:
360
Product dimensions:
6.12(w) x 9.25(h) x (d)

Table of Contents

List of Tables and Figures
Foreword
Preface
Map of Albania
Pt. 1Assessment: The Reasons for the Crisis
1The Apparent Rapid Success of the Balkan Tiger3
2The Profound Crisis in Industry17
3Difficulties in Emerging Services37
4The Missing Pillar: The Inadequacy of the Banking System55
5The Unemployment Shock73
6Impoverishment Wages and Incomes97
7The Avoidance of Social Dialogue and Participation135
8The Failure of the Mass Privatisation Programme151
9Limitations and Drawbacks of Foreign Capital169
10The Collapse of the Albanian Pyramid191
Pt. 2Prospects: Albania after the Storm
11The Extent of the Destruction221
12A Halt to Economic Activity245
13Macroeconomic Indicators Moving Backwards277
14The Social Abyss289
15Reviving Production Forces311
16Reviving Life Forces331
Bibliography349
Index353

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