Economic and Social Turbulence in Greece: The Product Markets are a No-Brainer, the Labour Market is Not
Intereconomics, July/August 2009
Posted: 14 May 2011
Date Written: July 1, 2009
Abstract
Since the 1990s the Greek economy has posed a unique international paradox, combining relatively strong growth rates with a very weak performance on many other fronts ranging from poor labour and product market institutions and low competitiveness to poor environmental protection and high levels of corruption. The recent economic and social turbulence in Greece is a result of this paradox. What is the explanation for this situation? What reforms are necessary to change it?
Keywords: Greek economy, growth, insitutions, corruption
Suggested Citation: Suggested Citation
Mitsopoulos, Michael S. and Pelagidis, Theodore, Economic and Social Turbulence in Greece: The Product Markets are a No-Brainer, the Labour Market is Not (July 1, 2009). Intereconomics, July/August 2009, Available at SSRN: https://ssrn.com/abstract=1840557
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.