1. Albania
... Albania is the poorest country in Europe. Years of dependence on the Soviet Union and China, followed by virtually complete isolation led to economic collapse in 1991 (Colliers Encyclopedia CD-Rom, 1998). Government control of all areas of the economy resulted in manufacturing plants that lacked the freedom to adapt to changes. The lack of competition also created a lack of innovation. Collective agriculture produced less and less from harvests (European ... Forum, June 1997). In 1992, the Albanian government realized drastic change was necessary; Albania made very rapid progress in sta...
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