From Riches to Rags or What Went Wrong in Greece
The economic and social progress Greece achieved in the early post war decades decelerated after 1974 because all institutions sustaining the effi-cient operation of democracy and free markets were deliberately and gravely eroded. Under the impetus of hard core socialists provisions introduced in the 1975 constitution, economic policies extended further in the direction of unfettered statism, thus destroying the international competitiveness of the Greek economy. Some researchers have attributed the economic decline of Greece to its entry into the EU. I look into these allegations and find that they have little or no basis on the available evidence.
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| Date of creation: | 31 Dec 2012 |
| Handle: | RePEc:pra:mprapa:43504 |
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References listed on IDEAS
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- Bosworth, Barry & Kollintzas, Tryphon, 2001.
"Economic Growth in Greece: Past Performance and Future Prospects,"
CEPR Discussion Papers
2852, C.E.P.R. Discussion Papers.
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- Reinhart, Carmen, 2009. "The Second Great Contraction," MPRA Paper 21485, University Library of Munich, Germany.
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- Bitros, George C, 1981. "The Fungibility Factor in Credit and the Question of the Efficacy of Selective Controls," Oxford Economic Papers, Oxford University Press, vol. 33(3), pages 459-477, November.
- Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
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- Georgakopoulos, Theodore A & Paschos, Panagiotis G, 1985. "Greek Agriculture and the CAP," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 12(3), pages 247-263.
- Katsimi, Margarita & Moutos, Thomas, 2010. "EMU and the Greek crisis: The political-economy perspective," European Journal of Political Economy, Elsevier, vol. 26(4), pages 568-576, December.
- Oltheten, Elisabeth & Pinteris, George & Sougiannis, Theodore, 2003. "Greece in the European Union: policy lessons from two decades of membership," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 774-806.
- Bitros, George C. & Karayiannis, Anastassios D., 2010. "Morality, institutions and the wealth of nations: Some lessons from ancient Greece," European Journal of Political Economy, Elsevier, vol. 26(1), pages 68-81, March.
- Georgakopoulos, Theodore A, 1988. "The Impact of Accession on Agricultural Incomes in Greece," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 15(1), pages 79-88. Full references (including those not matched with items on IDEAS)
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