Development, Competitiveness and Institutional Modernization: Towards a New Approach to the Greek Crisis

International Journal of Competitiveness, Vol.1, No.4, pp. 293 - 318

25 Pages Posted: 20 Oct 2019 Last revised: 29 Oct 2019

See all articles by Charis Vlados

Charis Vlados

Democritus University of Thrace, Department of Economics

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Michail Demertzis

Democritus University of Thrace, School of Law, Students

Date Written: January 1, 2019

Abstract

The crisis of the Greek socioeconomic system has been unfolding for over a decade now. Many of its aspects have been highlighted and studied in the international literature, but, in most of these approaches, a lack of a complete, evolutionary perspective was not avoided. In this paper, we approach the Greek crisis and its evolution in the recent years by reviewing the relevant international literature and by proposing a theoretical re-focusing for a more effective, structural economic policy. In particular, we try to counter-propose a coherent examination of the mutually dependent aspects of the Greek crisis, by focusing on the synthesis of the dimensions of development, of competitiveness and of institutional modernisation of the Greek socioeconomic system, within the current restructuring phase of globalisation.

Keywords: Systemic socioeconomic crisis, Greek crisis, evolutionary economics and development, competitiveness, institutional modernization, globalization restructuring

Suggested Citation

Vlados, Charis and Chatzinikolaou, Dimos and Demertzis, Michail, Development, Competitiveness and Institutional Modernization: Towards a New Approach to the Greek Crisis (January 1, 2019). International Journal of Competitiveness, Vol.1, No.4, pp. 293 - 318, Available at SSRN: https://ssrn.com/abstract=3466958

Charis Vlados

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Dimos Chatzinikolaou (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Michail Demertzis

Democritus University of Thrace, School of Law, Students ( email )

Greece

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