Albania - The New Growth Agenda : A Country Economic Memorandum

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dc.contributor.author
World Bank
en_US
dc.date.accessioned
2012-03-19T10:25:05Z
en_US
dc.date.available
2012-03-19T10:25:05Z
en_US
dc.date.issued
2010-11-02
en_US
dc.identifier.uri
http://hdl.handle.net/10986/2935
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dc.description.abstract
Since 1998 Albania has experienced an important transformation that has lifted it into the ranks of upper middle income countries and has allowed a sharp reduction in poverty. Growth averaged more than 6 percent per year between 1998 and 2010, the best performance in Europe. This helped to reduce absolute poverty by half, with the headcount rate falling from 25 percent of the population in 2002 to 12 percent in 2008. The recent period of global turmoil has dampened growth somewhat but not as sharply as in many other countries. These challenges suggest the need for a 'new growth agenda' and this is the central topic of the report. The report is organized into four chapters. Chapter one gives a macroeconomic overview, examines the potential vulnerabilities of the economy and proposes measures for maintaining macro-financial stability of the economy. It further elaborates the growth challenges Albania faces as newly arrived upper middle income country. Chapter two describes the human capital needs of the new growth agenda and focuses on education and skills. Chapter three examines the backbone infrastructure, while the final chapter addresses the investment climate and factors influencing the return on investment. The report provides a diagnosis of some of the key factors likely to drive future growth but without recommending specific products or areas for private investment. The report argues instead that the role of the government in this process is that of facilitator, removing the obstacles to investment and helping to provide information and institutions that private firms require to flourish.
en_US
dc.language
English
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dc.publisher
World Bank
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dc.rights
Creative Commons Attribution CC BY 3.0
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/
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dc.subject
ACCOUNTANT
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dc.subject
ACCOUNTING
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AGGREGATE DEMAND
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AGRICULTURE
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dc.subject
ARREARS
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AVERAGE PRODUCTIVITY
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dc.subject
BAILOUT
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BALANCE OF PAYMENTS
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BALANCE SHEETS
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BANK SUPERVISION
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BANKING SECTOR
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dc.subject
BANKING SYSTEM
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BANKRUPTCY
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BANKRUPTCY LAW
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BENCHMARK
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BRAIN DRAIN
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BROAD MONEY
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BUDGET DEFICITS
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dc.subject
BUDGET REVIEW
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BUSINESS ENVIRONMENT
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CAPITAL ACCOUNT
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CAPITAL INFLOWS
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CAPITAL NEEDS
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CENTRAL BANK
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COLLATERAL
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COMMUNICATION TECHNOLOGIES
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COMMUNICATION TECHNOLOGY
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COMMUNICATIONS TECHNOLOGIES
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dc.subject
COMPETITIVE MARKET
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COMPETITIVENESS
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dc.subject
CONFIDENCE INDEX
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CONNECTIVITY
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CONSUMER CREDIT
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CONSUMPTION SMOOTHING
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CONTINGENT LIABILITIES
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CPI
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CREDIT GROWTH
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CREDIT RISK
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CRITICAL MASS
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CURRENCY
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CURRENCY DEPRECIATION
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CURRENCY MISMATCH
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CURRENCY MISMATCHES
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dc.subject
CURRENT ACCOUNT DEFICIT
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dc.subject
DEBT
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DEBT LEVELS
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DEBT RATIO
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DEBT RATIOS
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DEBT REDUCTION
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DEBTOR
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DEPOSIT
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DEPOSIT INTEREST
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DEPOSITS
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DEVALUATION
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DEVELOPING COUNTRIES
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DEVELOPING MARKET
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DOMESTIC BORROWING
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DOMESTIC CREDIT
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dc.subject
ECONOMETRIC ESTIMATES
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dc.subject
ECONOMIC BOOM
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dc.subject
ECONOMIC CRISIS
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dc.subject
ECONOMIC DEVELOPMENT
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dc.subject
ECONOMIC GROWTH
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dc.subject
ECONOMIC OUTCOMES
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dc.subject
ECONOMIC OUTLOOK
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dc.subject
ECONOMIC PROGRESS
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ECONOMIC SITUATION
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EFFECTIVE USE
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ELASTICITY
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ELECTRONIC COMMUNICATIONS
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EMERGING MARKETS
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EMPIRICAL EVIDENCE
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ENERGY CONSUMPTION
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ENTERPRISE PERFORMANCE
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ENVIRONMENTS
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EQUIPMENT
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EXCHANGE RATE
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EXCHANGE RATE MOVEMENTS
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EXPENDITURE
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EXPENDITURES
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EXPORTERS
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EXPORTS
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EXTERNAL FUNDING
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FINANCIAL CRISIS
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FINANCIAL DISTRESS
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FINANCIAL MANAGEMENT
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FINANCIAL MARKETS
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FINANCIAL SECTOR
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FINANCIAL STABILITY
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FINANCIAL SYSTEM
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FISCAL DISCIPLINE
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FISCAL POLICY
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FLEXIBLE EXCHANGE RATE
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FORECASTS
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FOREIGN CURRENCY
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FOREIGN DIRECT INVESTMENT
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FOREIGN EXCHANGE
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FOREIGN FINANCING
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FOREIGN FUNDS
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FOREIGN INVESTORS
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FUTURE GROWTH
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GDP
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GDP PER CAPITA
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GOVERNANCE INDICATORS
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GOVERNMENT ACTION
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GROSS DOMESTIC PRODUCT
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GROWTH POTENTIAL
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GROWTH RATE
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GROWTH RATES
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HUMAN CAPITAL
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HUMAN RESOURCE
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INCOME
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INCOME GROUPS
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INCOME LEVEL
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INCOME LEVELS
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INDEBTEDNESS
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INDEPENDENT REGULATORY BODY
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INFLATION
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INFORMATION SYSTEMS
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INFRASTRUCTURE INFORMATION
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INFRASTRUCTURE INVESTMENT
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INFRASTRUCTURE PROJECTS
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INSTITUTIONAL INFRASTRUCTURE
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INSTRUMENT
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INSURANCE
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INTEREST PAYMENTS
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INTEREST RATES
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INTERNATIONAL FINANCIAL MARKETS
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INTERNATIONAL MARKETS
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INTERNATIONAL TRADE
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INVESTING
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INVESTMENT CLIMATE
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INVESTMENT DECISIONS
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LABOR FORCE
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LABOR MARKET
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LEGAL FRAMEWORK
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LENDERS
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LENDING INTEREST RATE
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LIQUIDITY
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LIVING STANDARDS
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LOCAL CURRENCY
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LOSS OF CONFIDENCE
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LOW INTEREST RATES
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M3
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MACRO-STABILITY
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MACROECONOMIC MANAGEMENT
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MACROECONOMIC PERFORMANCE
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MACROECONOMIC POLICIES
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MACROECONOMIC POLICY
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MACROECONOMIC STABILITY
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MACROECONOMIC VOLATILITY
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MARKET ECONOMY
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MARKET POWER
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MIDDLE INCOME COUNTRIES
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MIDDLE INCOME COUNTRY
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MONETARY FUND
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MONETARY POLICIES
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MONETARY POLICY
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MORTGAGE
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MORTGAGE MARKET
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NATIONAL SAVING
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NATURAL MONOPOLY
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NET EXPORTS
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NEW MARKET
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NON-PERFORMING LOANS
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PENSIONS
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POLICY CREDIBILITY
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POLICY DECISIONS
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POLICY MAKERS
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POLICY RESPONSES
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PRICE CHANGES
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PRIVATE INVESTMENT
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PRIVATE INVESTMENTS
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PRIVATE INVESTORS
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PRIVATIZATION
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PRODUCERS
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PRODUCTION PROCESSES
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PRODUCTIVITY GROWTH
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PRODUCTIVITY INCREASES
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PUBLIC DEBT
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PUBLIC FUNDS
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PUBLIC INVESTMENT
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PUBLIC INVESTMENTS
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PUBLIC SPENDING
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PURCHASING POWER
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RAPID EXPANSION
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REAL GDP
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REFORM PROGRAM
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REGIONAL POWER
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REGULATOR
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REGULATORY FRAMEWORK
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REMITTANCE
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REMITTANCES
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RETURN
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RETURNS
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RISK MANAGEMENT
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RULE OF LAW
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SAVINGS
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SAVINGS BANK
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SCARCE CAPITAL
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SOCIAL PROTECTION
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SOVEREIGN DEBT
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STATUTORY REQUIREMENT
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SUSTAINABLE GROWTH
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TAX
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TAX REGIME
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TAX REVENUES
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TELECOMMUNICATIONS
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TRADE BALANCE
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TRADE DEFICIT
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TRADING
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TRANSACTION
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TRANSACTION COSTS
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TRANSITION COUNTRIES
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TRANSITION ECONOMIES
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TRANSPARENCY
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UNEMPLOYMENT
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UNEMPLOYMENT RATE
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UNEMPLOYMENT RATES
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VALUE ADDED
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WAGES
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WORLD DEVELOPMENT INDICATORS
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dc.title
Albania - The New Growth Agenda : A Country Economic Memorandum
en_US
dc.title.alternative
Shqiperia - Axhenda e re e rritjes ekonomike : memorandum ekonomik i vendit
en_US
okr.identifier.externaldocumentum
000333037_20101121235513
en_US
okr.identifier.internaldocumentum
13145280
en_US
okr.volume
1 of 1
en_US
okr.date.disclosure
2010-11-23
en_US
okr.topic
Finance and Financial Sector Development :: Debt Markets
en_US
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
en_US
okr.topic
Private Sector Development :: Emerging Markets
en_US
okr.topic
Finance and Financial Sector Development :: Access to Finance
en_US
okr.topic
Environment :: Environmental Economics & Policies
en_US
okr.sector
Health
en_US
okr.sector
General public administration sector
en_US
okr.sector
General industry and trade sector
en_US
okr.sector
General finance sector
en_US
okr.sector
General education sector
en_US
okr.sector
Health and other social services
en_US
okr.sector
Public Administration
en_US
okr.sector
Law
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okr.sector
Public Administration, Law, and Justice
en_US
okr.sector
Industry and trade
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okr.sector
Finance
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okr.sector
Education
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okr.region.administrative
Europe and Central Asia
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okr.region.geographical
Europe
en_US
okr.region.geographical
Eastern Europe
en_US
okr.identifier.report
53599
en_US
okr.unit
Poverty Reduction/Econ Mngmt (ECSPE)
en_US
okr.region.country
Albania
en_US
okr.doctype
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study
en_US
dc.rights.holder
World Bank
en_US
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes

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