scholarly journals Latest Economic Crisis And The Effects On Social Economic Aspects Into The Greek Economy

Author(s):  
Stamatis Kontsas

The purpose of this paper is to examine the effects of economic crisis on social economic aspects using conceptual and empirical findings measurement models. The economy is gradually recovering from a deep recession but high social costs persist. Significant structural reforms have been legislated, but their mix and implementation were uneven. Stronger exports and investment are a key to sustained recovery. Economic crisis is a phenomenon in which an economy is characterized by a sustained and significant reduction of economic activity. Economic activity refers to all aggregates of the economy such as employment, national output, prices, investments and other. It is easy to understand that the country has faced both market liquidity problems and the drop in living standards due to the austerity measures and the structural problems which hinder entrepreneurship.

2020 ◽  
Vol 15 (3) ◽  
pp. 208-222
Author(s):  
Zisoudis Nikolaos ◽  
Karelakis Christos ◽  
Theodossiou George ◽  
Loizou Efstratios

Abstract The Greek economic activity has been declined dramatically in recent years as many sectors of the economy that cannot cope with the new state brought about by the economic crisis. An economic crisis can be described as the phenomenon when an economy is characterized by a continuous and noticeable decline in its economic activity. As an economic activity, we are referring to all the macroeconomic dimensions of the economy, such as employment, the national product, prices, investments, etc. The downturn in the supermarket sector, which is attributed to the country’s financial situation, has led to a decline in the household disposable income. The present study was carried out at the time of the economic crisis, concerning a productive sector of the Greek economy, where millions of euros are exchanged hands. The objective of the study was to explore the impacts of the economic crisis on the sector by using a series of financial indicators. The results point to significant effects on the efficiency and earnings of the major actors of the sector.


2009 ◽  
pp. 26-38 ◽  
Author(s):  
S. Glaziev

The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It proves that it is caused by the substitution of technological modes. It is shown that sharp increase and slump in stock indices and prices for energy resources are typical of the process of technological substitution which occurs regularly according to the rhythm of long-wave fluctuations of the world economic activity. The article rationalizes a package of anti-crisis measures aimed at stimulating the new technological mode. Its structure and role of the locomotive factor of the new long wave of economic growth are revealed.


Author(s):  
Md. Ziaul Haque

The tourism sector is experiencing numerous challenges as a result of the global economic crisis. After a significant contraction in 2009, tourism rebounded strongly  in  2010  and  in  2011  the  international  tourist  arrivals  and  receipts  are projected to increase substantially. The Tourism industry is expected to show a sustained recovery in 2012. The crisis has particularly strong impact and slightly negative consequences in Bangladesh. The country is undergoing a political crisis, as well, and it seems that the forthcoming elections may be the only solution for the restoration of stability and social peace.  In addition, tourism can be the driving force behind Bangladesh economic recovery. However, for its achievement the country’s policy makers should take several measures towards restructuring and improving the sector. These measures include: enhancement of alternative forms of tourism; environmental protection; creation of quality infrastructure; and boost of competitiveness through a tourism product that offers value for money


Author(s):  
Md. Ziaul Haque

The tourism sector is experiencing numerous challenges as a result of the global economic crisis. After a significant contraction in 2009, tourism rebounded strongly  in  2010  and  in  2011  the  international  tourist  arrivals  and  receipts  are projected to increase substantially. The Tourism industry is expected to show a sustained recovery in 2012. The crisis has particularly strong impact and slightly negative consequences in Bangladesh. The country is undergoing a political crisis, as well, and it seems that the forthcoming elections may be the only solution for the restoration of stability and social peace.  In addition, tourism can be the driving force behind Bangladesh economic recovery. However, for its achievement the country’s policy makers should take several measures towards restructuring and improving the sector. These measures include: enhancement of alternative forms of tourism; environmental protection; creation of quality infrastructure; and boost of competitiveness through a tourism product that offers value for money


2013 ◽  
Vol 60 (6) ◽  
pp. 813-836 ◽  
Author(s):  
Constantinos Alexiou ◽  
Joseph Nellis

This paper provides a critical assessment of the austerity measures that are being implemented in the crisis-stricken countries of the Eurozone, and in particular, the implications of internal devaluation for the Greek economy. The theoretical underpinnings and phases of internal devaluation are explored. A detailed statistical analysis of key macroeconomic indicators pertaining to the Greek economy is carried out. Alternatives to internal devaluation are proposed in this paper, laying the foundations for a reassessment of the policy of austerity and the implications for recovery and sustainability of economic activity in Greece and other countries of the Eurozone.


2019 ◽  
Vol 28 (3) ◽  
pp. 364-364
Author(s):  
Dimitrios S. Politis ◽  
Gerasimos Baltagiannis ◽  
Nikolaos Tzampouras ◽  
George N Kalambokis ◽  
Vasileios Koulouras ◽  
...  

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Author(s):  
Sewon Hur ◽  
Michael Jenuwine

The spread of the COVID-19 pandemic has resulted in a dual public health and economic crisis. Many economic studies in the past few months have explored the relationship between the spread of disease and economic activity, the role for government intervention in the crisis, and the effectiveness of testing and containment policies. This Commentary summarizes the methods and findings of a number of these studies. The economic research conducted to date shows that adequate testing and selective containment measures can be effective in fighting the COVID-19 pandemic, and in the absence of adequate testing capabilities, optimal interventions involve social distancing and other lockdown measures.


2021 ◽  
Vol 255 ◽  
pp. 01026
Author(s):  
Oleksii Hutsaliuk ◽  
Iuliiа Bondar ◽  
Nataliіа Sereda ◽  
Oksana Babych ◽  
Inna Shchoholieva

In the modern world, the question of the interaction of society and nature is one of the most acute problems among those facing humanity. Today, rapid economic development is causing a significant increase in the use and, consequently, depletion of natural resources. This necessitates the search for a new economic model that could break the link between economic growth and the depletion of natural resources. The study substantiates the theoretical aspects of eco-tourism as an important component of the strategy of sustainable development of tourism in Ukraine. The priority directions of sustainable development of tourism in the context of modernization of economic activity of Ukraine are outlined. The main directions of greening of the tourist sphere are considered. The main functions and principles of eco-tourism are formed and the relevance of the research and the need to develop prospects for the development of eco-tourism in Ukraine are substantiated. The concept of circular economy is a new economic model that manages the development of ecotourism, which allows to resolve the growing contradiction between the need to meet the growing needs of tourists and the limited number of natural, social, economic resources of host destinations in a deteriorating environment.


Author(s):  
Teodora Kiryakova-Dineva ◽  
Vyara Kyurova ◽  
Yana Chankova

The chapter proposes an analysis that claims the importance of phenomena successfully revealed only in view of mesoeconomics. The authors argue that the economic processes in the field of organizing events should not be conceived merely as resulting from macro- and micro-level relationships but rather as resulting from relationships on mesoeconomic level (where a large number of unresolved and unexplored issues still exist), discussed by the authors in terms of the black box relationships on the mesoeconomic level. The main aim of this study is to investigate a specific mega event so as to trace and analyze the roles of the operators at the three levels of social-economic activity, and finally to identify the specific roles of the operators functioning at the mesoeconomic level. Making up a small part of scientific investigation in interdisciplinary research, the chapter proposes further perspectives for a proper application of mesoeconomics when discussing issues bridging micro-economics and macro-economics.


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