IDEAS home Printed from https://ideas.repec.org/a/eee/streco/v69y2024icp171-182.html
   My bibliography  Save this article

Hardening the EU core-periphery lines, 2009–2019: Dependency, neoliberalism, welfare reformation and poverty in Greece

Author

Listed:
  • Missos, Vlassis
  • Domenikos, Charalampos
  • Pontis, Nikos

Abstract

The paper holds a critical view on EU austerity policies, with particular emphasis given to Greece. It is maintained that the main causes for the implementation of neoliberal reforms should be examined in the manner with which the Greek economy has developed in relation with the European capitalist division of labor as a peripheral economy. Greece is approached as intimately conditioned by a multifaceted institutional structure of dependencies that outstrips the country's ability to exercise economic policy for its own social interests. Essentially built upon the premises of a core-periphery dependency paradigm, the periodic post-war reconfigurations of the EU architectural design offered enough room to the formation of a stricter policy framework along these lines. By developing a set of differentiated indices on European poverty, the devastating consequences of the belated neoliberal reformation of the country's welfare state are highlighted. All calculations are based on microdata sets of EUSILC surveys.

Suggested Citation

  • Missos, Vlassis & Domenikos, Charalampos & Pontis, Nikos, 2024. "Hardening the EU core-periphery lines, 2009–2019: Dependency, neoliberalism, welfare reformation and poverty in Greece," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 171-182.
    • Handle: RePEc:eee:streco:v:69:y:2024:i:c:p:171-182
    DOI: 10.1016/j.strueco.2023.06.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0954349X23000887
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.strueco.2023.06.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stockhammer, Engelbert, 2013. "The Euro crisis and contradictions of Neoliberalism in Europe," Economics Discussion Papers 2013-2, School of Economics, Kingston University London.
    2. Mauro, Paolo & Romeu, Rafael & Binder, Ariel & Zaman, Asad, 2015. "A modern history of fiscal prudence and profligacy," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 55-70.
    3. Bill Lucarelli, 2011. "German neomercantilism and the European sovereign debt crisis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 34(2), pages 205-224.
    4. Bill Lucarelli, 2017. "Intra-eurozone Payments Imbalances: Implications for the TARGET2 Payments System," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 343-357, September.
    5. Thomas Palley, 2020. "Re-Theorizing the Welfare State and the Political Economy of Neoliberalism’s Campaign Against It," Journal of Economic Issues, Taylor & Francis Journals, vol. 54(3), pages 588-612, July.
    6. Florian Dorn & Clemens Fuest & Niklas Potrafke, 2022. "Trade openness and income inequality: New empirical evidence," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 202-223, January.
    7. Steven Panageotou, 2017. "Disciplining Greece: Crisis Management and Its Discontents," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 358-374, September.
    8. Davide Gualerzi, 2017. "Crisis in the Eurozone: Austerity and Economic Transformation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 394-409, September.
    9. Vlassis Missos, 2021. "Introducing a Safety Net: The Effects of Neoliberal Policy on Welfare, Poverty, and the Net Social Wage during the Greek Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 58-76, March.
    10. Liberati, Paolo, 2007. "Trade Openness, Capital Openness and Government Size," Journal of Public Policy, Cambridge University Press, vol. 27(2), pages 215-247, August.
    11. Vlassis Missos & Nikolaos Rodousakis & George Soklis, 2022. "A Race to the Bottom: Measuring Income Loss and Poverty in Greece," Economics Policy Note Archive 22-2, Levy Economics Institute.
    12. Alberto Botta & Daniele Tori, 2018. "The theoretical and empirical fragilities of the expansionary austerity theory," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 41(3), pages 364-398, July.
    13. Ingrid Harvold Kvangraven, 2021. "Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme," Development and Change, International Institute of Social Studies, vol. 52(1), pages 76-112, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vlassis Missos, 2021. "Introducing a Safety Net: The Effects of Neoliberal Policy on Welfare, Poverty, and the Net Social Wage during the Greek Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 58-76, March.
    2. Piotr Ciżkowicz & Grzegorz Parosa & Andrzej Rzońca, 2022. "Fiscal tensions and risk premium," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(3), pages 833-896, August.
    3. Vlassis Missos & Nikolaos Rodousakis & George Soklis, 2022. "On Measuring the Impact of Internal Devaluation in Greece: Poverty, Flexibility, Migration and Growthless Employment," World, MDPI, vol. 3(2), pages 1-14, May.
    4. Ostry, Jonathan D. & Espinoza, Raphael & Zhang, Xiaoxiao, 2019. "Globalization, Redistribution, and the Size of Government," CEPR Discussion Papers 14137, C.E.P.R. Discussion Papers.
    5. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2023. "Populist Leaders and the Economy," American Economic Review, American Economic Association, vol. 113(12), pages 3249-3288, December.
    6. João T. Jalles, 2022. "Do credit rating agencies reward fiscal prudence?," International Finance, Wiley Blackwell, vol. 25(1), pages 2-22, April.
    7. Jonathan F Cogliano & Roberto Veneziani & Naoki Yoshihara, 2024. "The dynamics of international exploitation," Environment and Planning A, , vol. 56(5), pages 1420-1446, August.
    8. Mihaela Tofan, 2022. "A Regulatory Perspective on the Actual Challenges for the European Deposit Insurance Scheme," Laws, MDPI, vol. 11(5), pages 1-13, October.
    9. Kevin Williams, 2021. "Does national income mediate the relationship between trade and government size?," Empirical Economics, Springer, vol. 61(6), pages 3029-3057, December.
    10. John Thornton & Chrysovalantis Vasilakis, 2018. "Fiscal Rules And Government Borrowing Costs: International Evidence," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 446-459, January.
    11. Sudeshna Ghosh & Buhari Doğan & Muhlis Can & Muhammad Ibrahim Shah & Nicholas Apergis, 2023. "Does economic structure matter for income inequality?," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2507-2527, June.
    12. António Afonso & José Alves & Oļegs Matvejevs & Oļegs Tkačevs, 2023. "Fiscal Sustainability and the Role of Inflation," CESifo Working Paper Series 10843, CESifo.
    13. Gregor Schwerhoff & Ottmar Edenhofer, 2014. "The Globalization Paradox Revisited," CESifo Working Paper Series 4878, CESifo.
    14. Bohl, Martin T. & Michaelis, Philip & Siklos, Pierre L., 2016. "Austerity and recovery: Exchange rate regime choice, economic growth, and financial crises," Economic Modelling, Elsevier, vol. 53(C), pages 195-207.
    15. Kyung-woo Lee & Jong-Hee Kim & Taeyoon Sung, 2018. "A test of fiscal sustainability in the EU countries," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(5), pages 1170-1196, October.
    16. Lees, Kirdan, 2013. "Fighting fit? Assessing New Zealand’s fiscal sustainability," NZIER Working Paper 2013/5, New Zealand Institute of Economic Research.
    17. Reinhart, Carmen M. & Reinhart, Vincent & Rogoff, Kenneth, 2015. "Dealing with debt," Journal of International Economics, Elsevier, vol. 96(S1), pages 43-55.
    18. Francesca Di Iorio & Stefano Fachin, 2022. "Fiscal reaction functions for the advanced economies revisited," Empirical Economics, Springer, vol. 62(6), pages 2865-2891, June.
    19. Katia Berti & Eugeniu Colesnic & Cyril Desponts & Stephanie Pamies & Etienne Sail, 2016. "Fiscal Reaction Functions for European Union Countries," European Economy - Discussion Papers 028, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    20. Carlos Alberto Carrasco, 2016. "Causality between external balance and (some) fiscal variables: Preliminary results for the Eurozone," Economics and Business Letters, Oviedo University Press, vol. 5(3), pages 80-86.

    More about this item

    Keywords

    Dependency; Neoliberalism; Welfare state; Poverty;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:streco:v:69:y:2024:i:c:p:171-182. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/525148 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.