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Developing a Sustainable Economy Through Entrepreneurship: the Case of Albania

Author

Listed:
  • Arben Asslani

    (University of Tennessee at Chattanooga, USA)

  • Richard Becherer

    (University of Tirana, Albania)

  • Qirjako Theodhori

    (University of Tirana, Albania)

Abstract

Research indicates that access to larger markets, curtailing corruption, and creating an entrepreneurial culture are important ingredients for a successful transformation from a centrally planned economy to a market economy. This paper argues that among those three factors, creating a business culture and cultivating entrepreneurial skills are the most important factors in the case of Albania. Albania's transition during the last two decades is often used as a microcosm to investigate the transformation process toward a market economy. The creation of an entrepreneurial economy can foster economic development, systematically fight corruption, and allow Albania to economically join the rest of Europe. A framework modeling conditions necessary for fostering entrepreneurship in Albania is examined, and several recommendations are offered. There are many lessons that other small economies in transition can learn from Albania's experience.

Suggested Citation

  • Arben Asslani & Richard Becherer & Qirjako Theodhori, 2014. "Developing a Sustainable Economy Through Entrepreneurship: the Case of Albania," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 12(2), pages 243-262.
    • Handle: RePEc:seb:journl:v:12:y:2014:i:2:p:243-262
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    File URL: http://www.asecu.gr/Seeje/issue23/issue23-asslani-becherer-theodhori.pdf
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    References listed on IDEAS

    as
    1. Martin Humphreys & Artan Guxho & Satoshi Ishihara, 2010. "Improving Secondary and Local Roads in Albania : Lessons from a Programmatic Approach," World Bank Publications - Reports 11709, The World Bank Group.
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      Keywords

      Economic Development; Socialist Systems and Transitional Economies;

      JEL classification:

      • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
      • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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