Title: Development, competitiveness and institutional modernisation: towards a new approach to the Greek crisis

Authors: Charalampos Vlados; Demosthenes Chatzinikolaou; Michail Demertzis

Addresses: School of Business, University of Nicosia, Nicosia, Cyprus ' School of Law, Democritus University of Thrace, Komotini, Greece ' Department of Political Science and History, Panteion University, Athens, Greece; Department of Balkan Studies (Economy and Politics), University of Macedonia, Thessaloniki, Greece

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 modernisation; globalisation restructuring.

DOI: 10.1504/IJC.2019.102839

International Journal of Competitiveness, 2019 Vol.1 No.4, pp.293 - 318

Received: 13 Sep 2018
Accepted: 15 Nov 2018
Published online: 08 Oct 2019 *

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