Shkodra free zone

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HOW CAN WE OBTAIN THE INVESTMENTS WE DON'T HAVE? The program for the economic development of <strong>Shkodra</strong> should be based upon two basic investment sources: - Domestic savings - Letting in foreign savings through loans or aids. Since the domestic resources do not meet the conditions for the capital accumulation, then the attention of the economic programmers should not be primarily focused on a policy that encourages high savings. This is because the level of savings depends also on the operating efficiency of the savings institutions which in turn depend on the banking system. It is obvious that our banking institutions do not only offer suitable depository services but also they are not able to generate their usual profits. The weak foundations of the present day market economy and the fragile political stability continue to obstruct the accomplishment of the fisc al, monetary reforms and the integration with the western banking system. The Albanian bank s, no matter how they are denominated, do not enjoy the deserved independence and still cannot be released from government policies- the state budget. Taking in consideration the quasi-global unemployment rate and the lo w industrial production level, it is clear that we cannot even app ly the economic method of "obligated savings" which, in itself, is a very powerful way to restrict consumption and increase savings. This mechanism puts "aside" part of the output, thus increasing the capital accumulation. It was the same mechanism that collected huge savings in China, which explains the origin of the "dramatically " successful results of the Chinese economy over the past 20 years. If the market economy started to operate on sound economic 66
grounds, an equivalent policy could be applied in our country through the budget. The economic planners should never forget that only when the government is capable to collect more taxes than it spends to purchase the material goods and deliver services, it is able to precisely plan the investments of the remaining resources in infrastructure, state- run enterprises or channel them to various companies through the development banks. Since it is clear to all that right now in Albania, foreign savings represent the sole condition for the capital accumulation, then <strong>Shkodra</strong> region should pay special attention to three ways of attracting foreign savings: - Obtaining the necessary direct investments from foreign companies investing for this purpose (for instance, Australian companies construct the infrastructure in Vietnam, whereas Japanese companies build factories in Indonesia). - Borrowing from the world capital market, via banking institutions such as World Bank, IMF, the European Bank of Investments (in recent years, one billion US$ have been allocated to Albania, but not a single cent reached Shkoder), etc. - Obtaining foreign aid from the industrialised countries (this would impose on Shkoder local government and the citizens a co-ordination of work for creating the necessary conditions for stability and fostering the idea that the aid will not "vanish into the air"). Certainly, the use of the foreign savings on Shkoder area (with very low levels of per capita income) is very important, since the 67
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Ferid R. Hoti The Basic Strategy of
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Translated by: Artan KARINI of the
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TOWARDS THE LOSS OF THE ECONOMIC AU
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(a status similar to that of today
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deepen the river-bed and deviate th
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of resistance, in April the city to
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Detachment of international forces
Page 15 and 16: Italian warship in Shkoder, 1914 19
Page 17 and 18: implement it the general command de
Page 19 and 20: The war of Koplik - 1920. A group o
Page 21 and 22: The Commander of French Garrison, B
Page 23 and 24: During the Kingdom period, the rule
Page 25 and 26: considerably shook, also, the origi
Page 27 and 28: HOW SHOULD WE CONCEIVE THE ECONOMIC
Page 29 and 30: world, are referred to as the “be
Page 31 and 32: plundered, the kinds of values we h
Page 33 and 34: The transversal dikes, built up for
Page 35 and 36: Inspired by Sir Stanford Raffles (w
Page 37 and 38: Montenegrin steamship in the port o
Page 39 and 40: Steamship of Shkoder in the river o
Page 41 and 42: and those of the regional countries
Page 43 and 44: In this way, Albania would be able
Page 45 and 46: of Adriatic corridor. The unificati
Page 47 and 48: deforestation (to create new agricu
Page 49 and 50: development strategies on the most
Page 51 and 52: How should the government role on t
Page 53 and 54: those u nemployed. They should do t
Page 55 and 56: In what kinds of investments are th
Page 57 and 58: inland port city has drawn the atte
Page 59 and 60: - Three 5 stars hotels. - Six 4 sta
Page 61 and 62: wonderful panorama viewing; snow- m
Page 63 and 64: industrial production of coloured g
Page 65: Therefore, Shkodra will be able to
Page 69 and 70: of the inhabitants of Shkodra (224
Page 71 and 72: authority in the economic and judic
Page 73 and 74: where they are imported. Essentiall
Page 75 and 76: industrialised Southeast Asian coun
Page 77 and 78: investments. The proclamation of Sh
Page 79 and 80: - The customs paradise of a free zo
Page 81 and 82: of Buna, Drini and Kiri and, as soo
Page 83 and 84: most active businessmen of the free
Page 85 and 86: BIBLIOGRAPHY • Durham, E. “20 V
Page 87: Hoti, R. Ferid Shkodra, Free Zone:
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Shkodra free zone

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