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Foreign Direct Investment, Innovation and Brain Drain in Greece: Turning a Problem into an Opportunity

Constantina Kottaridi ()

Chapter 11 in A Financial Crisis Manual, 2015, pp 225-254 from Palgrave Macmillan

Abstract: Abstract The world economy suffered an unprecedented financial crisis in 2008– 2009. Countries around the world faced tremendous declines in output, employment, and trade. GDP in industrial countries fell by 4.5% in 2008, while the unemployment rate rose to 9% on average across OECD economies and reached double digits in both industrial and developing nations. The EU is still facing recessionary effects and its economic performance from 2008 to 2014 is falling behind, compared to previous decades and with much of the rest of the world from 2008 and onwards.

Keywords: Human Capital; Gross Domestic Product; Absorptive Capacity; Total Factor Produc Growth; Brain Drain (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1057/9781137448309_12

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