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The Evolution of the Greek Economy: Past Challenges and Future Approaches

The Evolution of the Greek Economy: Past Challenges and Future Approaches

Hardcover

Series: The Political Economy of Greek Growth Up to 2030

Economics

ISBN10: 3030472094
ISBN13: 9783030472092
Publisher: Palgrave Macmillan
Published: Nov 1 2020
Pages: 292
Weight: 1.28
Height: 0.88 Width: 5.83 Depth: 8.27
Language: English

This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book addresses current geostrategic dimensions as well as the current structure of institutions and culture in Greece. The second part presents the evolution of sustainability, governance, and inclusivity, as well as the evolution of culture in Greek society and insights into the production prototype. The third part of the book looks forward to what lays ahead for Greece up to 2030. It presents the theoretical background for two scenarios: the normal scenario (business as usual, including the effects of the recent Covid-19 pandemic) and the optimal scenario (a pro-growth scenario including increases of Total Factor Productivity through structural reforms). In presenting these scenarios, the book discusses issues ranging from a comparative analysis between Greece and the Eurozone, the developments in output gap and potential output, public debt, competitiveness, basic macroeconomic variables, a detailed analysis on investments, and inclusive growth.

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