Mediterranean Capitalism by the Examples of Greece and Spain

The monograph by Hungarian economist György Simon, Jr. is devoted to the analysis of the fundamental processes of modern capitalist development in two South European and Mediterranean countries ¿ Greece and Spain. The theoretical framework of investigation covers the mechanism of economic growth and economic policy spheres, such as mobilisation of internal resources and international economic conditions. The endogenous growth model with a built-in mechanism of technical progress, primarily used here for practical calculations, considers both physical and human capital, as well as time in the role of event space of creative economic activity. The role of demand-side factors of economic growth is also investigated, in particular foreign direct investment is based to technical progress. The author also investigates the role of demand-side factors of economic growth, particularly foreign direct investment.