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Albania must convince its emigrants to return. To escape the middle-income country “trap,” the government must entice the diaspora to come and invest the knowledge they have acquired in Western countries.
This is the World Bank's advice, at a time when we are fewer and older.
Edison Zaçaj, an economics professor, tells A2: "In various reports, or in those you publish, it has been briefly stated that we have a decrease in birth rates or a departure of the workforce. Emigration in almost every field. Between the lines, this is an admission that many people have left and the economy cannot move forward without their return."
The World Bank advises that the call to "suck the brain" should also be accompanied by economic and social policies to lure the leavers: "The fiscal policies that institutions must undertake must first be sustainable. Fiscal changes bring imbalances to economic life. Tax breaks and social policies are also an instrument that can be used."
Experts also have advice on how Albania can escape the "trap" of middle-income countries: "I think that the effort to entice the diaspora to return should be secondary. Initially, the conditions must be created to prevent the departure of those who are in the country."
The Albanian diaspora is currently spread across 60 countries. According to the World Bank, 30 percent of those who left work in high-level positions and are well-qualified./ A2CNN
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