The country of Kosovo and its citizens have suffered from wars, exploitation, and destruction.

1400 WordsApr 23, 20196 Pages
The country of Kosovo and its citizens have suffered from wars, exploitation, and destruction. Thus, as a consequence Kosovo is considered as a country which has the poorest economy in the region. However, lately there has been some considerable progress, even though from a low base. Kosovo has demonstrated progress in the creation of the foundations of a market economy. After the conflict of 1990s, most of Kosovo’s economic growth is related to post-conflict reconstruction. However, fifteen years after the liberation Kosovo still faces some major problems: its economy cannot meet the requests of the labor supply, it does not have an export-friendly economy, nor the needed infrastructure to attract foreign direct investment (FDI). Thus, as…show more content…
I want that all citizens of Kosovo benefit from the information that is presented in my paper and help Kosovo progress. With a population of approximately 2 million, an average pay for every capita of 1,760 Euros, and with the unemployment rate of 41 %, Kosovo is one of the poorest nations in Europe. The 90's clash and the 1998-1999 war gravely harmed each part of the economy (World Bank). However, there has been some economic growth in the post war period. Growth that emerged throughout the remaking period (1999-2002) was noticeably brief. Primary aspects of development were reconstruction, settlements, humanitarian aid, and investments in the making of a safe environment. Similarly, growth that emerged throughout the post-reproduction period (2005-current) was not dependent upon technological change, advancements, and private area improvement. In the period from 2005 to 2009, the economic growth arrived at 5.5 due to the expansionary financial arrangement. The impacts of the privatization of the Socially Owned Enterprises (SOEs) remained unassuming, with just an limited number of successes. The economic institutions (UNMIK, EU) that would be required to support constant growth did not progress sufficiently. Despite a few endeavors, a procedure or a national budgetary advancement plan has never been completely created. A long term constant economic growth might only be facilitated if the vast possibilities of Kosovo are identified. The objective here ought to be
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