The Effect of Financing Political Parties in the Economy: Case of Albania
The Effect of Financing Political Parties in the Economy: Case of Albania

Author(s): Sorina Koti
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Financing parties; Buying power; Corruption; Organized crime; Transparency
Summary/Abstract: The paper aims to analyze and determine the factors that affect the political parties’ activities and their role in the socioeconomic life of the country. Money in politics has become more and more an element of growing influence to a determining power, so the control and transparency of this component are vital to maintaining the country’s prosperity and development. The paper analyses the case of Albania, an ex-communist country, and the problems that have arisen from the use of “dirty money” for financing politics and their political campaigns. Albania needs urgently a new law on political and financing political parties, to fight corruption, and abuse of public funds and to prevent from empowerment of organized crime. Reform of political parties is needed, in order to end the power deriving from money and to consolidate the power deriving from faith and voter confidence.

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