Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic
Despite a challenging transition period and a string of adverse shocks, in recent decades Albania has made major strides in raising per capita income and integrating into the world economy. A dynamic private sector has become the engine of Albania’...
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099647008052226016/IDU06460c98e0807c044f908b130c80a0ebe76f0 http://hdl.handle.net/10986/37868 |
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okr-10986-378682022-08-15T18:20:54Z Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic International Finance Corporation PRIVATE SECTOR AGRIBUSINESS FOOD PROCESSING INDUSTRY SUSTAINABLE TOURISM SECTOR AUTOMOTIVE MANUFACTURING FIRM PRODUCTIVITY FIRM CAPABILITIES MANAGERIAL PRACTICES FINANCING PRACTICES INNOVATION COLLABORATION Despite a challenging transition period and a string of adverse shocks, in recent decades Albania has made major strides in raising per capita income and integrating into the world economy. A dynamic private sector has become the engine of Albania’s economic development, and its increasing role continues to offer opportunities for expanding the country’s economic base and promoting faster and more diversified export-oriented growth. Albania is endowed with considerable economic assets, including a strategic geographical position, exceptional natural beauty, and abundant renewable and nonrenewable resources. A politically stable environment, improving governance indicators, and a record of dependable macroeconomic policies have supported the process of European Union (EU) accession, which offers a wide array of opportunities for the development of the Albanian private sector. Because a small domestic labor pool and consumer market limit the potential for economies of scale, sustaining Albania’s economic expansion will require intensifying its integration with the global economy. Despite decades of progress, Albania continues to face serious structural and policy challenges. The country’s economic expansion has not been matched by commensurate improvements in productivity. In this context, the World Bank Group has prepared the following country private sector diagnostic (CPSD) to assist the authorities in their efforts to leverage Albania’s geographic location, natural assets, and improved institutional and policy framework to promote diversification, competitiveness, and robust private-sector-led growth. The analysis highlights the importance of improving the business environment while stepping up investments in technology and innovation. The report explores three critical sectors for accelerating and diversifying growth: agribusiness and food processing, tourism, and automotive manufacturing. 2022-08-10T16:15:12Z 2022-08-10T16:15:12Z 2022-06 Report http://documents.worldbank.org/curated/en/099647008052226016/IDU06460c98e0807c044f908b130c80a0ebe76f0 http://hdl.handle.net/10986/37868 English en_US Country Private Sector Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy Europe and Central Asia Albania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
PRIVATE SECTOR AGRIBUSINESS FOOD PROCESSING INDUSTRY SUSTAINABLE TOURISM SECTOR AUTOMOTIVE MANUFACTURING FIRM PRODUCTIVITY FIRM CAPABILITIES MANAGERIAL PRACTICES FINANCING PRACTICES INNOVATION COLLABORATION |
| spellingShingle |
PRIVATE SECTOR AGRIBUSINESS FOOD PROCESSING INDUSTRY SUSTAINABLE TOURISM SECTOR AUTOMOTIVE MANUFACTURING FIRM PRODUCTIVITY FIRM CAPABILITIES MANAGERIAL PRACTICES FINANCING PRACTICES INNOVATION COLLABORATION International Finance Corporation Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| geographic_facet |
Europe and Central Asia Albania |
| relation |
Country Private Sector Diagnostic; |
| description |
Despite a challenging transition
period and a string of adverse shocks, in recent decades
Albania has made major strides in raising per capita income
and integrating into the world economy. A dynamic private
sector has become the engine of Albania’s economic
development, and its increasing role continues to offer
opportunities for expanding the country’s economic base and
promoting faster and more diversified export-oriented
growth. Albania is endowed with considerable economic
assets, including a strategic geographical position,
exceptional natural beauty, and abundant renewable and
nonrenewable resources. A politically stable environment,
improving governance indicators, and a record of dependable
macroeconomic policies have supported the process of
European Union (EU) accession, which offers a wide array of
opportunities for the development of the Albanian private
sector. Because a small domestic labor pool and consumer
market limit the potential for economies of scale,
sustaining Albania’s economic expansion will require
intensifying its integration with the global economy.
Despite decades of progress, Albania continues to face
serious structural and policy challenges. The country’s
economic expansion has not been matched by commensurate
improvements in productivity. In this context, the World
Bank Group has prepared the following country private sector
diagnostic (CPSD) to assist the authorities in their efforts
to leverage Albania’s geographic location, natural assets,
and improved institutional and policy framework to promote
diversification, competitiveness, and robust
private-sector-led growth. The analysis highlights the
importance of improving the business environment while
stepping up investments in technology and innovation. The
report explores three critical sectors for accelerating and
diversifying growth: agribusiness and food processing,
tourism, and automotive manufacturing. |
| format |
Report |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| title_short |
Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| title_full |
Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| title_fullStr |
Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| title_full_unstemmed |
Creating Markets in Albania : Taking Advantage of New Trade and Investment Opportunities for a More Robust Private Sector - Country Private Sector Diagnostic |
| title_sort |
creating markets in albania : taking advantage of new trade and investment opportunities for a more robust private sector - country private sector diagnostic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099647008052226016/IDU06460c98e0807c044f908b130c80a0ebe76f0 http://hdl.handle.net/10986/37868 |
| _version_ |
1764488022330441728 |