Το ειδικό καθεστώς οικονομικών δραστηριοτήτων του Ελληνικού Κράτους και Ελλήνων υπηκόων σε χώρες των Βαλκανίων: θεωρητικές προσεγγίσεις και εμπειρικοί προσανατολισμοί (The Special Status of Economic Activities of the Hellenic State and of Greek Citizens in Balkan Countries: Theoretical Approaches and Empirical Perspectives)
495 Pages Posted: 11 Feb 2021
Date Written: September 11, 2016
English Abstract: During the twenty year period 1990-2010, the Balkans is the only European region experiencing a kind of "Scottish shower". On the one hand, the region experienced the pleasant transition to a market economy, despite the concomitant difficulties that had to be overcome. On the other hand though, the region was confronted with the ruthlessly nasty face of war. It was shaken by successive armed confrontations, which led to intense and extensive after-clash symptoms, such as collapsed economic and social fabric in the limits of a humanitarian crisis, destroyed morale and damaged infrastructure. In the same period for its stabilization, this fragmented and confrontational region though, became also theatre, of a unique in history partnership of the international community, both in quantitative, as well as qualitative terms. With more than 22 donor and investor countries along the International Finance Institutions-IFIs, the estimated total combined ODA and FDI flows in the region exceeded EUR 150 billion, during the period under review. As a consequence, the region became a model for reconstruction, restructuring and economic development.
In this broader geopolitical and economic context, Greece, participates financially together with other players in the "renaissance" of the region, and its integration in the international community. Greece provides directly Official Development Aid-DAC, through the Hellenic Plan for the Economic Reconstruction of the Balkans – HiPERB, and indirectly promotes Greek Foreign Direct Investment -FDI in the region, in a multifarious way, mainly though through grants. In this period, Greece thus evolves from a "net importer" of investment, to an "exporter", focusing on the Balkans, where the country earns a place among the top ODA and FDI providers.
This study approaches the issue holistically, considering the dual nature of the Greek "engagement", and analyzing the surrounding general economic and geopolitical circumstances. The dual economic "engagement" of the Greek State in the Balkans, in the context of the present study, is examined also in a dual way, comprising theoretical, as well as empirical approaches. For the latter, it uses business strategy models, such as PEST, SWOT and VRIO, as well as Porter’s "competitive forces" and "value chain" models.
The thesis examines the reasons why Greece "ought" to get involved, investigates the compatibility of the Greek "engagement" with the country’s commitments in the EU, studies the feasibility and usefulness of this Greek "engagement", compares Greece, as ODA and FDI provider, with other countries, analyses and evaluates the HiPERB, assesses the role of the Greek State in creating momentum, or possible "manipulation" of FDI, through subsidies and delves characteristics of the Greek FDI, in terms of its competitiveness and the links between daughter and parent companies.
The topic is academically original, as the literature review reveals that a dual and combined research line has so far not attracted scientific attention. Existing studies focus rather on one of the two dimensions, but not on both together. Additionally, this essay is original in terms of the methodology used, given that it examines the issue in a new business strategy perspective, applying existing models in new ways and applications. The topic retains its actuality and significance, particularly in the current economic downturn in Greece because, apart from a posteriori conclusions on this Greek economic "engagement" in the Balkans, it can serve future policy makers and/or investors, as foreign markets are, currently for the Greek entrepreneurship, a possible way out of the recessionary Greek economy.
Note: Downloadable document available in Greek.
Keywords: Official Development Aid-DAC, Economic Diplomacy, Hellenic Plan for the Economic Reconstruction of the Balkans – HiPERB, Foreign Direct Investment –FDI, Soth-Eastern Europe, Balkan Countries, Greece, European policy, International Finance Institutions-IFIs, Evaluation, Greek Outward Foreign Direct
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