The New Political Economy of Greece up to 2030 9783030470746, 9783030470753

Table of contents :
Preface
Introduction
Contents
Abbreviations
List of Figures
List of Tables
Part I The Theoretical Principles of Integrated Growth and Development of the Greek Economy
1 Introductory Chapter
1.1 Introduction
1.2 The Methodological Principles
1.3 Basic Assumptions
1.4 Fundamental Analysis Principles
1.5 Ideology, Bias, and Growth
1.6 Forecasts and Future Scenarios
References
2 Theory and Policy
2.1 Introduction
2.2 Economic Theory and Policy
2.3 The Specific Framework Versus Generality in the Theory of Welfare Economics
2.4 Political Systems and Shaping Economic Policy
2.4.1 Pressure Groups, Elite, and Multi-Level Governance
2.4.2 Democracy and Growth
2.4.3 Populism and Growth
2.5 Reforms and Growth
References
3 The Greek Economy as a Eurozone Member
3.1 Introduction
3.2 A Common Currency Union
3.3 Mechanisms Forming Economic Policy in Eurozone
3.4 The Existing Economic Policy Framework of Countries Not Committed to an Adjustment Program
3.5 The Predetermined Economic Policy Framework of Countries Committed to an EU Adjustment Program
3.6 EU Adjustment to the Facts After the 2008 Crisis
3.7 The European Union and Covid-19 Crisis
3.7.1 Fiscal Measures
3.7.2 Currency and Macro-Financial Measures
References
4 Political Economy of Integrated Growth and Development for the Greek Economy
4.1 Introduction
4.2 Revising What Is Relevant for Development and Growth
4.3 Sustainable Development
4.4 Sustainable Governance
4.5 Inclusive Growth
4.6 Social Behavior Friendly Toward Development
4.7 Dynamic Growth and Convergence
4.8 The Importance of Integrated Perception of Development and Growth for the Greek Economy
References
Part II The Inevitable Future Trends in the World Economy and the Position of the Greek Economy
5 The Greek Economy in the World
5.1 Introduction
5.2 The World Depression of Covid-19
5.3 Global and European Economic Developments: 2018–2030
5.4 The Greek Economy in the International Environment
References
6 The Major Macrosocial Trends
6.1 Introduction
6.2 How the Covid-19 Will Change the World
6.3 Trends Shaping the Future and Capitalism
6.4 Urbanization
6.5 Demographic Changes and Population Movements
6.6 Disruptive Technologies and the 4th Industrial Revolution
6.7 Climate Change
6.8 Multipolar World and Globalization
References
7 The Major Macroeconomic Trends
7.1 Introduction
7.2 The Optimistic and Pessimistic Views on Growth Sources
7.3 Debt’s Evolution
7.4 The Inherent Financial Instability
7.5 Growth in Productivity
7.6 Convergences and Divergences in Economic Growth Rates
7.7 Uncertainty
7.8 Structural Changes in Production
7.9 Macroeconomic Consequences of Covid-19
References
8 Political Megatrends
8.1 Introduction
8.2 Inequality and Social Mobility
8.3 The Strengthening of Privacy, the Role of Individual Skills, and the Development of the Middle-Class
8.4 The Cultural Evolution: The Search for Post-materialistic Society
8.5 The Evolution of Political Behavior
8.6 Political and Cultural Effects of Covid-19
References
Part III Sources of Growth and Development Policy in the Age of Global Low Growth and Low Inflation
9 Sources of Growth and Development Policy in the Greek Economy
9.1 Introduction
9.2 The Sources of Growth and Development Policy
9.3 Solowian Growth
9.4 Balanced and Unbalanced Growth in the Greek Economy
9.5 The Paradox of Lucas and the Convergence of Prosperity in the Case of the Greek Economy
References
10 The Endogenous Logic of Growth in the Greek Economy
10.1 Introduction
10.2 Endogeneity and the Greek Economy
10.3 Endogeneity and Productivity in the Greek Economy
10.4 The Complexity of the Economy
References
11 Monetary, Fiscal, and Structural Policy in the European and Greek Economy
11.1 Introduction
11.2 Monetary Policy
11.3 Fiscal Policy
11.4 Structural Policy
11.5 Economic Policy in the Eurozone Until Covid-19
11.6 The Reflection of Covid-19 on Economic Theory and Policy
References
12 Economic and Development Policy in the Age of Low Growth Rates, Low Inflation, and Low Employment in the Greek Economy Until 2019
12.1 Introduction
12.2 Economic Policy with Low Growth, Low Inflation, and Low Employment
12.3 The Case of the Secular Stagnation and Investment-Less Recovery
12.4 The Debt Super-Cycle and Balance Sheet Recession
12.5 Hysteresis and Structural Unemployment in the Greek Economy
12.6 Economic Growth Under Conditions of Low Development, Low Investments, and Low Inflation in the Greek Economy
References
13 The Vulnerability of the Greek Economy and the Recovery Requirements After Covid-19
13.1 Introduction
13.2 The Diffusion Channels of the Economic Impact
13.3 Developments in the World Economy (May 2020)
13.4 The Greek Economy’s Epidemiological and Economic Policy in Covid-19 Crisis
13.5 The Vulnerability of the Economy
13.6 The Epidemiological and Economic Curve in Greece
13.7 Predictions for the Eurozone and Greek Economy
13.8 The Recovery Requirements up to 2030
13.9 The Political Economy in Greece After Covid-19
References
Index