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Macedonia Country Study

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Macedonia Country Study
Rabindra Bhandari
Alen Degirmendzic

Abstract

’’Economic development is the acknowledged answer to absolute poverty and other issues that are related to the well being of one nation. But, what is development, and in what ways do we recognize it when it is performed?
The term, development, has been used in numerous ways. Conventionally, it was associated with economic growth of per capita income. Since the 1970s, other factors of development have been commonly used by economic scholars and development organizations such as the World Bank. The accomplishment to fulfill basic needs or-- decrease in absolute poverty, the foundation of modern employment opportunity, and the accomplishment of a less unequal distribution of income and farmland-- have all become significant factors in evaluating the level of development with the work of a well functioning Government. Traditional measures of growth, especially in developing countries in the Balkans, may be misleading in that they fail to account for the destruction of war that often accompanies spurts in temporary and unsustainable economic growth.’’

Significant Barriers to Sustainable Economic Development in Macedonia

Introduction

Macedonia is a diminutive high land, country isolated state neighboring Albania, Bulgaria, Greece, Kosovo and Serbia. The majority of its population lives in the capital Skopje, a city that is located on the Vardar River that merge Communist-era architecture with an Ottoman-era Old Town and overflowing with evidence of its 2,500-year history under Greek, Byzantine, Ottoman and Yugoslav rule. Macedonia gained independence from the former Yugoslav federation with irresistible majority support in a referendum on September 8, 1991. The citizens refer to their own country as Republic of Macedonia however both the United Nations and the European Union call it the Former Yugoslav Republic of Macedonia (FYR Macedonia).The main concern and issue regarding the name of the state is that


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