10. Greek Crisis
The ‘Cluster’: Feature of an Advanced Economy An advanced economy is quite different from one dominated by oligarchs. Michael Porter’s analysis on the characteristics of an advanced economy has highlighted...
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9. Greek Crisis
Oligarchical Business Structures As well as clientelism, there are other differences between countries like Greece and Argentina on the one hand and advanced economies on the other. These two countries both feature...
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Impunity of the Ruling Class Another common point between Greece and Argentina is the difficulty and/or slowness in bringing members of the elite to trial for serious crimes. On 20 April 2010, just as the Greek debt problem...
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Hellenic Peronism Greece arrived at its own version of Peronism by a different route, but with some recent parallels. While in Argentina the sense of clientelism – the feeling among some interest groups that ‘You...
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Argentina: Background to the Dollar Peg In January 1991 the Chilean Lake District enjoyed perfect summer weather. Thousands of tourists, mosdy Argentinean but including a few Europeans, enjoyed the stunning views of...
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Argentine Corruption Clientelism is an exchange of cash for favours, as opposed to cash for honest endeavour. There is therefore a thin line between clientelist, rent-seeking behaviour and bribery. Corruption in Greece at the...
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Clientelism A major contributory factor to the problems in Argentina and Greece is the phenomenon of ‘clientelism’ – essentially, interest groups within society requesting favours from politicians as clients,...
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Introduction As the global recession began in 2008, the Greek economy featured high levels of public debt, a large trade deficit, undiversified industries, an overextended public sector, militant trade unions, widespread...
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Exchange Rate Stabilisation Argentina in 1991 and Greece in 2001 effectively entered exchange rate stabilisation programmes. In the case of Greece, of course, the notion was that it was taking part in a full and permanent...
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From Argentina to Greece Keeping books on social aid is capitalistic nonsense. I just use the money for the poor. I can’t stop to count it. Eva Peron As the euro zone crisis reached a critical phase in late 2009 and...
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