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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 />
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