Arbeitspapier

Growing out of the Crisis: Hidden Assets to Greece's Transition to an Innovation Economy

Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize on its Eurozone membership and add innovative sectors to its economic structure. Given Greece's hidden assets, such as the attractiveness of the country, a small number of strong research centers and an impressive diaspora in research, finance and business, we envision a Greek Silicon Valley and propose a ten point policy plan to achieve that goal.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 7606

Classification
Wirtschaft
Entrepreneurship
Subject
Greece
growth strategy
regulatory environment
entrepreneurship
innovation
innovation systems

Event
Geistige Schöpfung
(who)
Herrmann, Benedikt
Kritikos, Alexander S.
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2013

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Herrmann, Benedikt
  • Kritikos, Alexander S.
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2013

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