Albania, from Isolation Toward Reform (International Monetary Fund Occasional Paper)

This study reviews Albania's historical and political background, as well as economic developments in 1991. It describes the centrally planned economic system up to the onset of reform and analyzes economic performance in the 1980s. This paper seeks to present a complete and concise picture of the traditional Albanian economic system, much of which still exists, an analysis of the main economic developments and policies during the 1980s, and an account of the most recent evolution of the economy, as well as of the unfolding of the economic reform process Until the beginning of 1991, and for more than four decades, Albania was one of the least known and less accessible countries in the world.