You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
With a cheap and large labour force and high marginal<br />
productivity of product (low capital to labour - K/L - ratio), these<br />
economies exported their labour intensive products to Western<br />
mature economies making, in this way, huge profits due to the large<br />
disparities<br />
between unit costs and foreign prices of the products.<br />
These economies managed to improve their products quality<br />
standards by adopting<br />
and imitating rather than inventing new<br />
technological<br />
advances. More exports meant more profits, therefore,<br />
more income,<br />
which in turn led to higher savings and investments.<br />
Exporting into mature economies of the West provided the much<br />
needed hard currency for investing in capital accumulation,<br />
education, training, R&D.<br />
The knowledge I gained during my diplomatic mission in this<br />
region made me conclude<br />
that the port-city of <strong>Shkodra</strong> should aim at<br />
its fast economic development nearly detached from the general<br />
development plan of Albania (from which <strong>Shkodra</strong> benefits very<br />
little). Declaring my city a `commercial and industrial <strong>free</strong> <strong>zone</strong>' will<br />
create all the possibilities to attract investments, that employ the<br />
richness of the resources of <strong>Shkodra</strong> region, if we follow accurately<br />
the economic strategy that allowed the Southeast Asia region to<br />
experience such a high growth record and leave the rest of Asia far<br />
behind.<br />
84