A New Growth Model for the Greek Economy: Requirements for by Panagiotis E. Petrakis

By Panagiotis E. Petrakis

On June three, 2015, the Greek Parliamentary funds workplace, the nationwide and Kapodistrian collage of Athens, the Democritus collage of Thrace, and the college of Peloponnese backed a world convention to handle medium- and long term development in Greece. This assortment offers the most powerful papers at the stipulations required to restore and preserve financial development. top specialists conceal virtually each significant factor pointed out within the newest literature, from demographic matters and recommendations for export technique to the necessity for innovation and structural reform. the mix of qualitative and quantitative methods to assessing current stipulations make this ground-breaking assortment a useful source for various teachers, specialist economists, and monetary coverage practitioners planting the seeds of Greece's future.

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The unpleasantness created by the strong dollar additionally interacts with the vulnerabilities of the political system with a president committed to a significant trade agenda faced by a hostile and increasingly obstructionist Congress. The fierce debates about dispute settlement in the Trans Pacific Partnership as well as in the Transatlantic Trade and Investment Partnership play into the hands of trade skeptics. We should remember that there can be global disaster, as well as merely European disaster.

Napoleon Maravegias (Greek Parliamentary Budget Office), Prof.  Petrakis (Department of Economics, National and Kapodistrian University of Athens), Assist. Prof. E. PETRAKIS Economics DUTh), Prof. Panagiotis Liargovas (University of Peloponnese— Coordinator of the Greek Parliamentary Budget Office).  Kostis (Department of Economics, National and Kapodistrian University of Athens), Thomas Poufinas (Lecturer in Finance, Department of Economics DUTh), Dimitra Mitsi (University of the Peloponnese).

In his contribution, Randall Wray (Chap. 16: “Jobs Not Growth: An Alternative Path for Development”) argues that Greece’s current predicament results primarily not from structural problems—or at least, will not be cured by attacking presumed structural problems. The current crisis differs from previous crises and instead traces its roots to the general crisis of the European Monetary Union. First, there is no central authority that can rescue financial institutions in the event of a crisis. The other mistake is that there is no central fiscal authority with sufficient financing to provide transfers to members with current account deficits.

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