Why Did Forceful Internal Devaluation Fail to Kick-Start Export-Led Growth in Greece?

Michael Mitsopoulos; Theodore Pelagidis

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Why Did Forceful Internal Devaluation Fail to Kick-Start Export-Led Growth in Greece?

机译：为什么强行内部贬值未能在希腊启动以出口为导向的增长？

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The policies imposed on Greece by the troika of the European Commission, the International Monetary Fund, and the European Central Bank failed to recognize the low wage share of Greece and to address important existing and new problems. Forcing wages down to make the country's exports competitive while failing to promote other necessary reforms, argue the authors, had little chance for success.

机译：欧洲委员会，国际货币基金组织和欧洲中央银行的三驾马车对希腊施加的政策未能认识到希腊的低工资份额，也没有解决重要的现有问题和新问题。作者认为，强迫降低工资以提高该国的出口竞争力，同时又无法促进其他必要的改革，成功的机会很小。

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《Challenge》 |2014年第6期|85-102|共18页
作者
Michael Mitsopoulos; Theodore Pelagidis;
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作者单位

SEV Hellenic Federation of Enterprises;

Brookings Institution and economics at the University of Piraeus, Attica, Greece;

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Why Did Forceful Internal Devaluation Fail to Kick-Start Export-Led Growth in Greece?

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