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Shkodra free zone

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most active businessmen of the <strong>free</strong> <strong>zone</strong> is to find the most suitable<br />

and satisfying strategic policies for the economic development, based<br />

on the real efficiency of investments<br />

relating to the distribution and<br />

allocation<br />

of resources.<br />

What can we learn from the Asian Newly Industrialised<br />

Economies?<br />

On my diplomatic mission in Southeast Asia (1993-997) I<br />

came into close contacts with the economic reality of this region and<br />

learned that the most developed part of Asia is located in the<br />

Southeast region. This region with an astonishing record of sustained<br />

growth, within less than two decades, has improved the living<br />

standards<br />

of more people, more rapidly, than at any other time or<br />

place in history.<br />

Southeast Asian economies are built on strong basic<br />

fundamentals, which are still in place even now that this region is<br />

trying to find the way out of its financial turmoil. These economies<br />

have been built following the Japanese model of high savings and<br />

cheap money directed to strategic industries, which helped Japan to<br />

catch up with the West very quickly. The economists points of view<br />

on these fundamentals differ but most of them agree with the view<br />

that, unlike the other Asian countries such as India, etc., the<br />

Southeast Asian economic development has been due to `openness'<br />

and outward orientation, and greater reliance placed on market<br />

forces. The hard work, management and worker efficiency,<br />

adoption<br />

of the world best-practice, promotion of research and development<br />

(R&D), entrepreneurship, high savings, productive investments, low<br />

taxation, flexible labour markets, family values, sound government<br />

policies, macroeconomic stability, active trade, and export<br />

policies<br />

helped the region to grow at 7 - 8% a year for more than a decade.<br />

Southeast Asia experienced an export-led economic growth.<br />

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