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Foreign Direct Investment, Innovation and Brain Drain in Greece: Turning a Problem into an Opportunity

In: A Financial Crisis Manual

Author

Listed:
  • Constantina Kottaridi

Abstract

The world economy suffered an unprecedented financial crisis in 2008– 2009. Countries around the world faced tremendous declines in output, employment, and trade. GDP in industrial countries fell by 4.5% in 2008, while the unemployment rate rose to 9% on average across OECD economies and reached double digits in both industrial and developing nations. The EU is still facing recessionary effects and its economic performance from 2008 to 2014 is falling behind, compared to previous decades and with much of the rest of the world from 2008 and onwards.

Suggested Citation

  • Constantina Kottaridi, 2015. "Foreign Direct Investment, Innovation and Brain Drain in Greece: Turning a Problem into an Opportunity," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Dimitrios D. Thomakos & Platon Monokroussos & Konstantinos I. Nikolopoulos (ed.), A Financial Crisis Manual, chapter 11, pages 225-254, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-44830-9_12
    DOI: 10.1057/9781137448309_12
    as

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