Political and Economic Changes in Greece

The monograph of the Hungarian economist György Szymon, Jr. is an attempt to reveal and analyze the fundamental political and economic processes in Greece after World War II. The theoretical part of the study describes the characteristics of the mechanism of economic growth along with key economic policy issues related to domestic resource mobilization and the international economic environment. It then considers the main results of Greek postwar development and the demand factors in Greek economic growth, with a particular focus on foreign direct investment. The general growth model used primarily for the econometric study concerning Greece during the six decades between 1950 and 2010, i.e. mainly before the last debt crisis, is based on the Caldorian approach to technological progress. It takes into account both physical and human capital, as well as time as the event space of creative economic activity.