The Scream of an Economy without Industry and without Production of Goods
by Artan Gjergji , Expert of Economy & Finances For years, economists—sometimes in stiff, bureaucratic language, and at other times quite openly—have been trying to sound the alarm over the failure of politics to secure a stable economy in the country, with the goal of definitively breaking away from the transitional economic model. It must be acknowledged from the outset that some progress has in fact been made in this direction. Yet this is less the merit of successive governments than the result of the extraordinary efforts of individuals—millions of Albanians. Through their struggle for survival, Albanians themselves have carried both the country’s economic growth and its broader development. In economics, this phenomenon is commonly referred to, somewhat euphemistically, as “Adam Smith’s Invisible Hand.” The Development of Industry Over the Years For many years, Albania’s economy managed to stay afloat amid the waves of a new capitalism, a doctrine that was ent...
