Liberalization of the Greek economy: socio-institutional consequences

V. Kornivska

Economy and Forecasting, 2012, issue 2, 60-70

Abstract: The article presents the mental features of the Greek society affecting the development of the socio-institutional space of the economy. The author characterizes the factors conditioning the functioning of closed professional markets in Greece, and defines the socio-institutional transformations of the Greek society, which are developing due to the general European reforming of the fiscal space and liberalization of the Greek economy. It is justified that, under the modern conditions, destruction of the patriarch sector as a source of innovative activities of the Greek society is going on, which is a consequence of the destructing of the deeply rooted dynasty business-tradition of the closed professional markets, development of a distorted competition environment and lower confidence. That is why a socio-institutional renewal is needed, which can be attained through efficient interaction with the states with a relative civilization profile. In this context, the author proves the decisive character of the cooperation between Russia, Ukraine and Greece for ensuring a civilization equilibrium and social renewal.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2012:i:2:p:60-70

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