Albania in Crisis

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $141.57
Usually ships in 1-2 business days
(Save 15%)
Other sellers (Hardcover)
  • All (4) from $141.57   
  • New (2) from $157.44   
  • Used (2) from $141.57   


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.
Read More Show Less

Editorial Reviews

Presents an analysis of factors behind the 1997 political, economic, and social crisis in Albania. Shows that the crisis was both predictable and complex, and not simply a matter of a disgruntled population attempting to regain their money. Identifies major reasons for the crisis, such as increasing unemployment, the collapse of industrial production, and the failure of mass privatization. Examines the consequences of the crisis at the enterprise level by region, sector, industry, and property form, using information from a survey of some 1,000 enterprises, and offers policy recommendations. Annotation c. Book News, Inc., Portland, OR (
Read More Show Less

Product Details

Table of Contents

List of Tables and Figures
Map of Albania
Pt. 1 Assessment: The Reasons for the Crisis
1 The Apparent Rapid Success of the Balkan Tiger 3
2 The Profound Crisis in Industry 17
3 Difficulties in Emerging Services 37
4 The Missing Pillar: The Inadequacy of the Banking System 55
5 The Unemployment Shock 73
6 Impoverishment Wages and Incomes 97
7 The Avoidance of Social Dialogue and Participation 135
8 The Failure of the Mass Privatisation Programme 151
9 Limitations and Drawbacks of Foreign Capital 169
10 The Collapse of the Albanian Pyramid 191
Pt. 2 Prospects: Albania after the Storm
11 The Extent of the Destruction 221
12 A Halt to Economic Activity 245
13 Macroeconomic Indicators Moving Backwards 277
14 The Social Abyss 289
15 Reviving Production Forces 311
16 Reviving Life Forces 331
Bibliography 349
Index 353
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)