Development, competitiveness and institutional modernization: The case of the Greek crisis

Charis Vlados, Dimos Chatzinikolaou, Michail Demertzis

Research output: Contribution to journalArticlepeer-review


The crisis of the Greek socioeconomic system has been unfolding for over a decade now. Many of its aspects have been highlighted and studied in the international literature, but, in most of these approaches, a lack of a complete, evolutionary perspective was not avoided. In this paper, we approach the Greek crisis and its evolution in the recent years by reviewing the relevant international literature and by proposing a theoretical re-focusing for a more effective, structural economic policy. In particular, we try to counter-propose a coherent examination of the mutually dependent aspects of the Greek crisis, by focusing on the synthesis of the dimensions of development, of competitiveness and of institutional modernisation of the Greek socioeconomic system, within the current restructuring phase of globalisation.
Original languageEnglish
Pages (from-to)293-318
JournalInternational Journal of Competitiveness
Issue number4
Publication statusPublished - 7 Oct 2019


  • systemic socioeconomic crisis
  • Greek crisis
  • evolutionary economics and development
  • competitiveness
  • institutional modernisation
  • globalisation restructuring


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