Public Enterprises Privatization,The Costs and Benefits (Albania Case)
Keywords:privatizion,public enterprises, economy's transformation,public sector,costs,benefits,structural reform.
AbstractPrivatization is the process that transfers the ownership of an enterprise ,service agency or public asset to the private sector,from which ,essentisal positive.effects in the capital markets, financial assets and working groups, are expected. It affects the interests of different groups of the population and includes 80% of all the economic activities including the fields of energy, oil and gas, telecommunications, forests and waterways, roads and railways, ports and airports, rail and inland waterway. Over the past ten years a large amount of privatizations has been accomplished in Albania, indeed, many companies, institutions, societies, mines, which previously had been owned by the state, have now become private property.But does it affect the national economy in a positive or a negative way? Had the privatizations in our country been done in the right extent? in the process of economy's transformation, the emphasis is found in the structural reform, where one of the pillars that support these reforms is the process of privatization. This article will provide a detailed and an accurate situation of the development of this process in Albania, based on the assumption that "the privatization affects positively the state economy", what went right and what did not work properly, how can we take action in order to achieve an improvement? What are the costs and the benefits of the process of privatization in terms of macroeconomic, microeconomic and social aspects in Albania?
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