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

See all articles by Michael S. Mitsopoulos

Michael S. Mitsopoulos

Hellenic Federation of Enterprises

Theodore Pelagidis

University of Piraeus; Brookings Institution

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

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

Michael S. Mitsopoulos (Contact Author)

Hellenic Federation of Enterprises ( email )

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Athens, 10557
Greece
2106722694 (Phone)

Theodore Pelagidis

University of Piraeus ( email )

21 Lambraki street
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Piraeus, Attiki 18533
Greece
+3021 04142526 (Phone)
+3021 4142571 (Fax)

HOME PAGE: http://www.maritime-studies.gr/index.php?option=com_comprofiler&task=userProfile&user=95&Itemid=183

Brookings Institution ( email )

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Washington, DC 20036
United States

HOME PAGE: http://www.brookings.edu/experts/pelagidist

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