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Shkodra free zone

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grounds, an equivalent policy could be applied in our country<br />

through the<br />

budget. The economic planners should never forget<br />

that only when the government is capable to collect more taxes<br />

than it spends to purchase the material goods and deliver<br />

services, it is able to precisely plan the investments of the<br />

remaining resources in infrastructure,<br />

state- run enterprises or<br />

channel them to various companies through the development<br />

banks.<br />

Since it is clear to all that right now in Albania, foreign savings<br />

represent the sole condition for the capital accumulation, then<br />

<strong>Shkodra</strong> region should pay special attention to three ways of<br />

attracting foreign savings:<br />

- Obtaining the necessary direct investments from foreign<br />

companies investing for this purpose (for instance, Australian<br />

companies construct the infrastructure in Vietnam, whereas<br />

Japanese companies build factories in Indonesia).<br />

- Borrowing from the world capital market, via banking<br />

institutions such as World Bank, IMF, the European Bank<br />

of<br />

Investments (in recent years, one billion US$ have been<br />

allocated to Albania, but not a single cent reached Shkoder),<br />

etc.<br />

- Obtaining foreign aid from the industrialised countries (this<br />

would impose on Shkoder local government and the citizens a<br />

co-ordination of work for creating the necessary conditions<br />

for stability and fostering the idea that the aid will not "vanish<br />

into the air").<br />

Certainly, the use of the foreign savings on Shkoder area (with<br />

very<br />

low levels of per capita income) is very important, since the<br />

67

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