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Albanian Model of Free Zones: Implementation and Implications

Author

Listed:
  • Celjeta Sherifi
  • Gungor Turan

Abstract

Free economic zones are structures playing a special role in the direct and continuous interconnections between a country and the other part of the world. In other words, free economic zones are easily opened doors to international markets. This paper brings a theoretical view on the concept of the Free Economic Zones, their characteristics, as well as their importance in countries economy. It also aims to discus about creation, implementation and management of technical economic development areas in Albania. The benefits they could provide to Albanian economy based on a variety of positive and potential factor that Albania is currently offering. Through learning the best experience of some successfully implemented free economic zones in the world, this study helps to better identify the factors that play an important role in increasing the economic and industrial potential of Albania.

Suggested Citation

  • Celjeta Sherifi & Gungor Turan, 2018. "Albanian Model of Free Zones: Implementation and Implications," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(5), pages 57-66, May.
    • Handle: RePEc:ibn:ijefaa:v:10:y:2018:i:5:p:57-66
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    References listed on IDEAS

    as
    1. Michael Engman & Osamu Onodera & Enrico Pinali, 2007. "Export Processing Zones: Past and Future Role in Trade and Development," OECD Trade Policy Papers 53, OECD Publishing.
    2. Aradhna Aggarwal, 2004. "Export processing zones in India: Analysis of the export performance," Indian Council for Research on International Economic Relations, New Delhi Working Papers 148, Indian Council for Research on International Economic Relations, New Delhi, India.
    3. Johansson, Helena & Nilsson, Lars, 1997. "Export processing zones as catalysts," World Development, Elsevier, vol. 25(12), pages 2115-2128, December.
    4. Douglas Zhihua Zeng, 2010. "Building Engines for Growth and Competitiveness in China : Experience with Special Economic Zones and Industrial Clusters," World Bank Publications - Books, The World Bank Group, number 2501, December.
    5. Elizabeta Tosheva, 2016. "The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 13, pages 171-183, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    free economic zone; FDI; employment; economic growth; incentives; Albanian model;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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