Greece on a knife edge
- a) The sustainable equilibrium of the balance current account through changing the mix of produced products in the country, thus strengthening the export orientation margins of many sectors of the Greek economy;
- b) The industrialization with the implementation of an integrated sustainable industrial policy and the development of domestic research and production of a wide range of high added-value products. The processing sector is particularly critical since it is impossible to hope for a country that will rise in the value chain in the global apportionment of labour without creating the necessary manufacturing base that includes primarily the manufacture of finished industrial products;
- c) The special emphasis on tourism, to which Greece has a strong comparative advantage and shipping -Greece has the largest merchant fleet in the world- and certainly agriculture for the production basic social goods, and
- d) The efficient exploitation of raw materials -such as bauxite from which aluminium is produced- and the potentially large oilfields located both in the Aegean and the Ionian Seas.
Published April 15, 2015
Join the discussion — please keep to our Community Guidelines.