How to Save Greece? A Menu for Rebuilding the Greek Economy through Industrial Policy
AbstractUnderlying Greece's public debt crisis is a fundamental economic problem: its lack of international competitiveness. While in the short term the debt crisis must be solved, in the long term the economic perspective of the country will depend on whether it will succeed in developing competitive industries. Reducing costs by lowering wages in case Greece stays in the eurozone or by devaluing its currency if it does not is only a short-term answer. Increasing Greek competitiveness will depend on a farsighted industrial policy targeted on upgrading the economy.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40748.
Date of creation: Aug 2012
Date of revision:
Greece; industrial policy; euro crisis; SME; competitiveness; upgrading;
Find related papers by JEL classification:
- N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
- F20 - International Economics - - International Factor Movements and International Business - - - General
- F10 - International Economics - - Trade - - - General
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
- L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
- N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
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