(P/B) UNDERSTANDING THE CRISIS IN GREECE

Παρουσίαση

In recent years the Greek economy has been rigorously debated in the international financial arena. This book engages with the current economic challenges facing Greece, examining how and why a previously strong economy can tether with complete collapse. The Greek economy of the 90's posed a unique international paradox. It combined strong economic performance that is rapid GDP growth and strong productivity growth, with a weak performance on many other fronts that range from poor labour market institutions and low competitiveness, to poor environmental protection and high levels of corruption.
This volume examines the working of the Greek political system and the way it relates with the Greek society, the salient aspects of the Greek Constitution and the design of the political system and, ultimately, the failing of the rule of law. It presents the facts that undermine the long term prospects of the economy and reveals the nature of the powerful redistributive rent-seeking groups that keep markets closed and distorted, vehemently resisting reforms in Greece today. (From the publisher)

"A wide-ranging, thorough and fascinating account of the economic challenges facing Greece." - JAMES K. GALBRAITH, University of Texas, USA
"This book is the first focused attempt to bring the whole story of Greece"s economy into the public domain. It provides a comprehensive analysis of the last 15 years and a first-class and very timely analysis for those wishing to know the economic and institutional pathologies that led the Greek economy to the tragic free fall. It is actually a required reading for all those wishing to know what has actually gone wrong in the Greek Economy." - PHILIP ARESTIS, University of Cambridge, UK
"An extremely timely book as it demonstrates convincingly that the pathologies of the Greek economy have broader political implications." - CHRISTOS P. IOANNIDES, Queens College, USA
"This is Freakonomics meets the Greek crisis. It is an original, penetrating and broad analysis of the problems of the Greek system. The diagnosis is compelling. The solutions are provocative. It is a timely leap forward in the debate on the future." - KEVIN FEATHERSTONE, London School of Economics and Political Science, UK
"A scathing account of Greece"s economic implosion." - NEW YORK TIMES
"An acclaimed book on the Greek crisis...and its past, present and future impact on the Eurozone and across the Globe" -JUSTIN VAISSE, The Brookings Institution
"An indispensable explication of the country where Europe"s debt crisis was born." - HELENA SMITH, The Guardian

Περιεχόμενα

Introduction
Vikings in Greece: Rents, the Design of the Greek Political System and the Blockage of Reforms
Corruption, Policy Inadequacy and the Greek Constitution
Efficiency and Quality of Justice in Greece
Strong Growth and Weak Institutions: The Greek Paradox Re-considered
The Greek Economic Crisis and the Conditionality Program