Harvard University: Poor production knowhow holds back Albania’s growth

TIRANA, May 2 – Lack of productive knowhow has been identified as the key constraint holding back economic growth in Albania over the past quarter century during the country’s transition to democracy and market economy after the collapse of the 45-year communist regime and its planned economy, a report has shown. Lack of adequate knowledge and skills needed to produce complex goods and services is also identified by low levels of exports of goods and services as a percent of the GDP and poor diversification compared to regional competitors. “Albania faces a unique knowhow constraint that is deeply rooted in…