After decades of isolation, Albania was catapulted into capitalism in 1991. Until then, ideological hardliners had run the country and denounced their former Soviet and Eastern Bloc allies as 'revisionists' for falling away from Stalinist principles. Yet after the collapse of socialism, Albania quickly embarked on an ambitious program of political and economic reform. The postsocialist governments created private ownership in land, liberalized markets, and opened the country's borders to movements of goods, capital, and people. Such radical measures stood out, even in comparison with other...
After decades of isolation, Albania was catapulted into capitalism in 1991. Until then, ideological hardliners had run the country and denounced th...