The transformation of remittances from consumption to investment: a challenging strategy to accommodate the future

Eduart Lika

doi:10.5771/1435-2869-2014-2-267

Contents
- Chapter Expand | CollapseAuthorsPage
- 149–151 Editorial 149–151
  - Editorial Bela Galgoczi, Calvin Allen Bela Galgoczi, Calvin Allen
- 153–290 Aufsatz 153–290
  - 153–165 The EU: Breaking the chains of weariness Christophe Solioz Christophe Solioz 153–165
  - 167–174 An end to the lies and self-deception: Scenarios for the future of Bosnia and Herzegovina Jürgen Buxbaum Jürgen Buxbaum 167–174
  - 175–192 The 2014 elections in Bulgaria: Political instability without end Dobrin Kanev Dobrin Kanev 175–192
  - 193–205 Turkey as an energy hub for the Southern Gas Corridor Thomas Batten Thomas Batten 193–205
  - 207–235 Taxation and budgetary policies in the western Balkans Martin Hutsebaut Martin Hutsebaut 207–235
  - 237–266 Are remittances spent in a healthy way? Evidence from Albania Ermira Hoxha Kalaj Ermira Hoxha Kalaj 237–266
  - 267–278 The transformation of remittances from consumption to investment: a challenging strategy to accommodate the future Eduart Lika Eduart Lika 267–278
  - 279–290 Strike action at the forefront of the social partnership agenda Andrea Olsovska, Marek Svec Andrea Olsovska, Marek Svec 279–290
- 291–292 About the authors 291–292
  - About the authors
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SEER Journal for Labour and Social Affairs in Eastern Europe , page 267 - 278

The transformation of remittances from consumption to investment: a challenging strategy to accommodate the future

Autoren

Eduart Lika

DOI
- doi.org/10.5771/1435-2869-2014-2-267
- ISSN: 1435-2869
- ISSN online: 2942-3384
Abstract

Remittances can contribute to the economic development of a country also by going directly into productive investment, thereby increasing bank liquidity and making it possible to extend loans to entrepreneurs with competing interests, creating an enabling environment for SMEs and facilitating the attraction of emigrants to return to their countries. The banking system in Albania has undergone rapid development since the collapse of the communist system, but the coverage of financial institutions is still weak in some parts of the country, especially in rural areas. Regardless of the size of remittances and their importance to the economy of Albania, there is, additionally, a general lack of policies and strategies for the management and the use of remittances. In this direction, and for a better development of emigration control, the National Strategy for Migration was developed covering a number of issues surrounding the experience of emigrants and the targeted orientation of remittances, as well as the development of an appropriate legal and institutional framework.
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