Abstract
This paper aims at analysing activities, and some of the causes of deindustrialization of Kosovo’s economy, and the stage of initial establishment of the private sector in Kosovo. The purpose of the paper is to present the current situation and development orientations, namely to review some of the obstacles from the perspective of entrepreneurs, with a view of eliminating such obstacles and fostering development. The paper shall provide a comparison of exports and imports, with a special focus on obstacles to Kosovo’s SMEs. This paper shall prove an overview on the situation of SME development and its sectors, and it is an effort to mirror the main obstacles preventing competitiveness and development of the sector. The analysis in this paper represent an effort to inform stakeholders with the sector, and help interested parties to take necessary action in improving the situation in the sector, and to assist sectors in benefitting from business opportunities, by creating a business development conducive environment, so that the changes occurring in the sector feed economic development, foster employment and help in attracting foreign investmentsThe main goal of the paper is to provide a basis for informing various actors involved in industrial development policy making in Kosovo.On the other hand, it is also an effort to contribute in consolidating information and statistical records, with a view of providing an accurate overview on Kosovo’s industry.
Highlights
Kosovo is a country of 10.867 km[2] and a population of 1.7 million, the youngest population of the region
The imports are deemed to be covered by exports at a rate of 10 %), (ii) high unemployment, which appears to be over 40%, (iii) lacking foreign direct investments, and (iv) a reforming system of secondary and higher education (Central Bank of Kosovo, 2011)
The policy favors more the imports of products, which would be produced in country; high competition from other countries, suspicious quality products at very low prices, which cannot be competed with by local products
Summary
Kosovo is a country of 10.867 km[2] and a population of 1.7 million, the youngest population of the region. During the “compulsive measures” imposed, manufacturing and service enterprises expelled all Albanian employees, which were the central column of their development and productivity, carrying all skills and experience acquired in many years, and they were replaced with mono-ethnic and unqualified managers, and unqualified employees of Serbian nationality This economy had already taken a deep plunge, rapidly expanding unemployment rates, and reducing the GDP, and increasing extreme poverty. Elektro-ekonomia - 57.1 %, black metal ore production - 86.5%, black metal production – 86.5%, metal processing – 97.1%, manufacturing of electrical appliances and machinery – 89.5%, and manufacturing of food products - 67.6% (Kosovo Industry Strategy 2009-2013 Riinvest) This deindustrialization trend shows the fall of industry’s share in the total economy, from 41.0% in 1987, to only 21.1 % in 1994 (Riinvest, 2009).
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