Post by account_disabled on Mar 4, 2024 2:20:24 GMT -6
The Economist" recently wrote that the pandemic is being used as a tool to seize power. An opportunity that is not hesitating to be used even by the Albanian leaders, where the increase in poverty and the low level of democracy only increase the means for the concentration of power and the achievement of goals with a narrow focus of beneficiaries. We live in Albania! It is the country with the lowest per capita income in Europe, with only 30% of the European average, and this percentage has not changed for years. It is the state that, in almost all rankings, comes last, both for corruption and for governance, law enforcement, health spending, and so on, the list is long and reaches the low level of business sophistication.
We live in a country that has such Cambodia Telegram Number Data a weak economy that the crisis brought it out at once, having expectations for the highest decline in the region, up to 9%, according to the latest assessment of the European Bank for Reconstruction and Development. High debt, low budget revenues, informality, the weak structure of the economy dependent on trade and services and micro businesses, the cheap cost of labor as the main competitive advantage, the lack of sophistication will make Albanians feel more than anyone else the consequences of this disease that is only further eroding this infected economy. And in this poor Albania, where many people have run out of patience (emigration has revived again in recent years, making us the first in the world for asylum requests in relation to the population), there is no shortage of paradoxes.
In the two months that the country has been in quarantine and thousands of individuals have lost their jobs and hundreds of businesses are at risk of closure, construction has continued to boom, taking up any available space. In poor Albania, they do not seem to have any intention of stopping the luxury towers that are being sold at 4,000 euros per square meter, making the Albanian capital among the most expensive in Europe, in relation to purchasing power. The cottage business is also booming, in an indirect indication that inequality has increased and economic policies are working only in favor of a small group. The World Bank estimated in a recent report that economic growth in recent years has not succeeded in reducing poverty.
We live in a country that has such Cambodia Telegram Number Data a weak economy that the crisis brought it out at once, having expectations for the highest decline in the region, up to 9%, according to the latest assessment of the European Bank for Reconstruction and Development. High debt, low budget revenues, informality, the weak structure of the economy dependent on trade and services and micro businesses, the cheap cost of labor as the main competitive advantage, the lack of sophistication will make Albanians feel more than anyone else the consequences of this disease that is only further eroding this infected economy. And in this poor Albania, where many people have run out of patience (emigration has revived again in recent years, making us the first in the world for asylum requests in relation to the population), there is no shortage of paradoxes.
In the two months that the country has been in quarantine and thousands of individuals have lost their jobs and hundreds of businesses are at risk of closure, construction has continued to boom, taking up any available space. In poor Albania, they do not seem to have any intention of stopping the luxury towers that are being sold at 4,000 euros per square meter, making the Albanian capital among the most expensive in Europe, in relation to purchasing power. The cottage business is also booming, in an indirect indication that inequality has increased and economic policies are working only in favor of a small group. The World Bank estimated in a recent report that economic growth in recent years has not succeeded in reducing poverty.