Logo
Munich Personal RePEc Archive

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:

[thumbnail of MPRA_paper_40748.pdf]
Preview
PDF
MPRA_paper_40748.pdf

Download (94kB) | Preview

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.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.