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Environmental Market Failure And Globalization In Developing Countries


  • Elenica Pjero

    () (Faculty of Economy Ismail Qemali University Albania)

  • Pranvera Jahollari

    () (Faculty of Economy Ismail Qemali University Albania)

  • Xhiliola Agaraj

    () (Faculty of Economy Ismail Qemali University Albania)


This paper presents an international view of sustainable development. The paper aims to provide an analysis on the link between openness to trade and economic growth and market failure like externalities. It focuses on the globalization process as the main factor for environmental problems. Albanian economy is exposed to a global economy and after twenty long years is still behind its Balkan neighbor. Albania is making the difficult transition to a more modern open-market economy. International trade has been a major driver of global growth and prosperity over the last century. The empirical literature has taken one of two advantage points. The first one is to analyze the correlation between openness and growth in data sets that cover a large section of developing and developed countries, in the tradition of cross country growth empirics. The second one is to concentrate on country or region-level analytical case studies of economic growth. We believe that this framework will contribute to understand why certain developing countries have made progress, while others have not. Progress has been very impressive for a number of developing countries in Southeast Europe, but progress has been less rapid for other countries like Albania. As a nation we have to think about what future research opportunities exist for us. The scale and scope of future research is an issue that affects our entire society and the next generation. The government has a general role in supporting this discussion, by setting up a dialogue with the community.

Suggested Citation

  • Elenica Pjero & Pranvera Jahollari & Xhiliola Agaraj, 2011. "Environmental Market Failure And Globalization In Developing Countries," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 315-326, november.
  • Handle: RePEc:aic:journl:y:2011:v:58:p:315-326

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    References listed on IDEAS

    1. Han, C. Min & Lee, Byoung-Woo & Ro, Kong-Kyun, 1994. "The choice of a survey mode in country image studies," Journal of Business Research, Elsevier, vol. 29(2), pages 151-162, February.
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    More about this item


    globalization; developing countries; market economy; environmental; government role;

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development


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