Regional competitiveness and its impact on sustainable development in Albania

• Author: Fabian Pjetri
• Position: Lecturer at Luarasi University, Faculty of Economics, Department, Finance - Bank
• Pages: 154-160

154

Vol. 4 No.1

May, 2018

Balkan Journal of Interdisciplinary Research

IIPCCL Publishing, Graz-Austria

ISSN 2410-759X

Acces online at www.iipccl.org

Regionalcompetitivenessanditsimpactonsustainabledevelopmentin

Albania

PhDCFabianPjetri

Lecturer at Luarasi University, Faculty of Economics, Department, Finance - Bank

Abstract

ThispaperprovidesadescriptionofregionalcompetitivenessintheAlbanianeconomy

TheproblemsfacedbytheAlbanianeconomyarediversesuchasUnemploymentSustainable

CompetitionForeignDirectInvestmentFDIConsumerPriceIndexModerateproductivity

level, etc.

Currently, the largest share of the employed in Albania is the service sector, but a sustainable

developmentof theeconomynecessarily requiresthe growthof thespecic weightof the

manufacturing economy , both in terms of the number of employees and the provision of

economicincomesIncreasingthenumberofnewbusinessesbeermanagementofrevenues

shouldbemadetocreatenewjobsIntendingtoreduceunemploymentespeciallyatyounger

agestheirprofessionalqualication

Keywords: Competitive Advantage Regions Unemployment Investment Informality

Sustainable Development, Regional Competitiveness. GDP.

I) Introduction

Some conceptual issues about regional competitiveness and its sustainable

development

A concept discussion is particularly noticeable in terms of regional competition.

Boththewordsoftheconceptitselfareasourceofdoubtandtheyrequireextended

explanations In particular the terms region and competition have dierent

meaningsandareoeninaccurateorambiguousForexamplethenotionregion

maymeannationalunitsandsubnationalunitsSotheregioncanrefertoagroup

of countries bound by a geographic relationship that shares common characteristics,

in terms of economic intentions institutions and behavioral rules However

thenotionregionmayrefer toa statisticalunit oran administrativeunit within

acountryorunitwithinacountrycorrespondingto itgeographicallyhistorically

and from the regional cultural structure In this paper the notion region refers

toa geographicunit withina countrythat sharesthe socioeconomicand cultural

elements commonly and focuses on the meaning of "regional competition". Spatial

Approach to Competition Determination

Competitionisdenedindictionariesastheabilitytoracesuccessfullyinsomeway

overtime Thisdenitionfocuses onthe productionof competitionmeasured by

standardquantitativeeciencymeasuresinalocalitycaseaccordingtoit

II) Literature review

One needs to consider the potential of an area or organization to perform economically