editos: Janez Prašnikar, Tjaša Redek, Fatmir Memaj : Albania
The Role of Intangible Capital in Future Growth
The role of intangible capital in future growth of Albania
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Albania has made significant progress since the beginning of its transition. Its GDP per capita has risen several times and the country has restructured a large share of its productive means. If economic growth has been, until now, achieved primarily through restructuring and export orientation of cost competitive low value added industries, its future growth strategy, still export oriented, will have to shift towards higher value added production in order to further excel GDP growth and the transition of the country towards middle income countries.