Deciding the best framework for Albania

Through this article in the light of Creel (2003) Ranking Fiscal Policy rules: the Golden rule of Public Finance vs. the Stability and Growth Pact paper, we try to explain the importance of setting a fiscal rule framework for a country or area. The assessment of the fiscal rules frameworks is analyzed in the third section, based on Creel, Buti et al., other economic and empirical literature, adding also our opinion on these fiscal rule frameworks. Referred to the criteria for an optimal fiscal rule, we have suggested a double fiscal rule which would be the most appropriate one in the case of Albania.

Analysis of agricultural achievements and weakness of Pakistan

Pakistan came into existence in 1947. It is the second emerging economy in South Asia after India. It is bordered on the west by Iran, on the north by Afghanistan, on the north east by China, on the east and south east by India, and on the south by Arabian Sea. Pakistan has a vast and rich natural resources as well as different climatic zones.

Demographic time bomb

Nowadays several countries of the world, especially developed ones are facing with the critical worldwide phenomenon so-called demographic time bomb which characterized by an increasing number of older people dependent on pension schemes and immigrants have higher birth rates than the native-born majority population which is very rapidly aging and having less children in these countries.

Asian economies

In analyzing the potential future path of China and India, based on the path taken by other economies in the region, I will very quickly gloss over the similarities between China and its Southeast Asian neighbors. The idea is that I will focus on the key differences between Southeast Asian economies on one hand, and China and India on the other.

Clusters

Several definitions of clusters coexist as well as several applications to different social economic contexts.