IDEAS home Printed from https://ideas.repec.org/p/wiw/wiwwuw/wuwp278.html
   My bibliography  Save this paper

Greece as a bridge to the most vibrant region of the next decades

Author

Listed:
  • Karl Aiginger

    (Department of Economics, Vienna University of Economics and Business)

Abstract

In the years following the financial crisis, Greece experienced a severe loss in real per capita income and accumulated a public debt much higher than GDP and that of any other EU country. The article briefly analyses the causes of this development, including the policy failures of Greece and the EU. It develops a game-changing strategy, which could return the country to a growth path. This starts with the vision that Greece can make use of its unique location between Europe, Asia and Africa to build a bridge connecting these regions with fascinating and productive complementarities. Given this new strategy, including regional leadership in decarbonisation, youth reform boards, and the Greek diaspora as a manager of reforming and financing new activities, Europe should cut a substantial part of the debt. This would be in the interest of Greece, the EU and Europe´s neighbours.

Suggested Citation

  • Karl Aiginger, 2019. "Greece as a bridge to the most vibrant region of the next decades," Department of Economics Working Papers wuwp278, Vienna University of Economics and Business, Department of Economics.
    • Handle: RePEc:wiw:wiwwuw:wuwp278
    Note: PDF Document
    as

    Download full text from publisher

    File URL: https://epub.wu.ac.at/6816/1/wp278.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Martin Raiser & Indermit S. Gill, 2012. "Golden Growth : Restoring the Lustre of the European Economic Model," World Bank Publications - Books, The World Bank Group, number 6016.
    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. Gül Ertan Özgüzer & Ayla Oğuş-Binatlı, 2016. "Economic Convergence in the EU: A Complexity Approach," Eastern European Economics, Taylor & Francis Journals, vol. 54(2), pages 93-108, March.
    2. World Bank, 2013. "EU11 Regular Economic Report, Issue #27, June 2013," World Bank Publications - Reports 16527, The World Bank Group.
    3. Farkas Beáta, 2018. "What can institutional analysis say about capitalism in Central and Eastern Europe? Results and limitations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(4), pages 283-290, December.
    4. Tiiu PAAS & Vivika HALAPUU, 2012. "Attitudes towards immigrants and the integration of ethnically diverse societies," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3, pages 161-176, December.
    5. Agnes Kügler & Andreas Reinstaller & Klaus S. Friesenbichler, 2023. "Can value chain integration explain the diverging economic performance within the EU?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(1), pages 25-47, March.
    6. World Bank, 2014. "Turkey’s Transitions : Integration, Inclusion, Institutions," World Bank Publications - Reports 20691, The World Bank Group.
    7. Gulácsi, Gábor & Kerényi, Ádám, 2024. "A magyar gazdaság felzárkózása és pozíció vesztése az Európai Unióban [The Hungarian economy's convergence and losing postion in the European Union]," MPRA Paper 121131, University Library of Munich, Germany.
    8. Yann Algan & Sergei Guriev & Elias Papaioannou & Evgenia Passari, 2017. "The European Trust Crisis and the Rise of Populism," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 309-400.
    9. Gill,Indermit S. & Kharas,Homi, 2015. "The middle-income trap turns ten," Policy Research Working Paper Series 7403, The World Bank.
    10. Philip R. Lane, 2013. "Growth And Adjustment Challenges For The Euro Area," The Economic and Social Review, Economic and Social Studies, vol. 44(2), pages 273-295.
    11. Indermit S Gill & Naotaka Sugawara & Juan Zalduendo, 2014. "The Center Still Holds: Financial Integration in the Euro Area," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(3), pages 351-375, September.
    12. Gavresi, Despina & Litina, Anastasia, 2023. "Past exposure to macroeconomic shocks and populist attitudes in Europe," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 989-1010.
    13. André Sapir, 2014. "Still the Right Agenda for Europe? The Sapir Report Ten Years On," Journal of Common Market Studies, Wiley Blackwell, vol. 52, pages 57-73, November.
    14. Ruggero Cefalo & Rosario Scandurra & Yuri Kazepov, 2020. "Youth Labor Market Integration in European Regions," Sustainability, MDPI, vol. 12(9), pages 1-18, May.
    15. Jess Benhabib & Jesse Perla & Christopher Tonetti, 2014. "Catch-up and fall-back through innovation and imitation," Journal of Economic Growth, Springer, vol. 19(1), pages 1-35, March.
    16. Rodríguez-Pose, Andrés & Von Berlepsch, Viola, 2019. "The missing ingredient: Distance. Internal migration and its long-term economic impact in the United States," CEPR Discussion Papers 13485, C.E.P.R. Discussion Papers.
    17. Kapeller, Jakob & Gräbner, Claudius & Heimberger, Philipp, 2019. "Economic polarisation in Europe: Causes and policy options," ifso working paper series 5, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    18. Martin Kahanec & Mariola Pytliková, 2017. "The economic impact of east–west migration on the European Union," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(3), pages 407-434, August.
    19. Magas, István, 2014. "Válságtanulságok nagy adagban, erősen fűszerezve. Farkas Beáta (szerk.): The Aftermath of the Global Crisis in the European Union. Oxford Scholars Publishing, Newcastle, UK, 2013, viii + 280 oldal ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 113-118.
    20. Liviu Voinea, 2013. "Revisiting crisis generators in Romania and other new EU member states," Review of International Political Economy, Taylor & Francis Journals, vol. 20(4), pages 979-1008, August.

    More about this item

    Keywords

    European strategy; a vision for Greece in the globalized world; new actors for reforms;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:wiw:wiwwuw:wuwp278. 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: Department of Economics (email available below). General contact details of provider: http://www.wu.ac.at/economics/en .

    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.