How to Save Greece? A Menu for Rebuilding the Greek Economy through Industrial Policy

Benner, Maximilian (2012): How to Save Greece? A Menu for Rebuilding the Greek Economy through Industrial Policy. Published in:

Abstract

Underlying 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Greece; industrial policy; euro crisis; SME; competitiveness; upgrading
• Subjects: N - Economic History > N2 - Financial Markets and Institutions > N24 - Europe: 1913-; F - International Economics > F2 - International Factor Movements and International Business > F20 - General; F - International Economics > F1 - Trade > F10 - General; H - Public Economics > H1 - Structure and Scope of Government > H11 - Structure, Scope, and Performance of Government; G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation; L - Industrial Organization > L5 - Regulation and Industrial Policy > L52 - Industrial Policy ; Sectoral Planning Methods; L - Industrial Organization > L5 - Regulation and Industrial Policy > L53 - Enterprise Policy; N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N14 - Europe: 1913-

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