Bardhyl Salihu
Kosovo is Europe’s newest country after declaring independence from Serbia in 2008. It is at the same time Europe’s poorest country—with unemployment approaching a staggering 49% and around 30% of the population living below the “poverty line.” However, as bad as Kosovo’s standard of living may be, it nevertheless is an example which can debunk many myths in economics. This is so because while the Government is heavily involved in the economy, it still lacks the power to legislate and enforce many standard European or Anglo-Saxon economic regulations. Yet despite the absence of these allegedly “essential” Government interventions, the economy still lives.
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