Albania can diversify exports into plastics, agriculture, Harvard University study shows

TIRANA, April 23 – A Harvard University study has unveiled Albania needs to consider the plastics and agriculture sectors to diversify the country’s exports in order to make the country’s economy more competitive and reduce exposure to international headwinds such as sharp swings in energy prices. In a study examining the strategic diversification in Albania’s industrial sector, the Center for International Development at Harvard University says the two proposed plastics/rubbers and agriculture/foodstuffs sectors contain products that are technologically feasible while having relatively high complexity, making them strategic for Albania. Albania’s exports are currently poorly diversified with three-quarters of them relying…