1st Edition

Clientelism and Economic Policy Greece and the Crisis

By Aris Trantidis Copyright 2016
270 Pages 6 B/W Illustrations
by Routledge

256 Pages 6 B/W Illustrations
by Routledge

256 Pages 6 B/W Illustrations
by Routledge

With its deep economic crisis and dramatic political developments Greece has puzzled Europe and the world. What explains its long-standing problems and its incapacity to reform its economy? Using an analytic narrative and a comparative approach, the book studies the pattern of economic reforms in Greece between 1985 and 2015. It finds that clientelism - the allocation of selective benefits... Read more

1. Introduction: Clientelism and Economic Reforms: The Case of Greece

2. The Greek Political Economy in Historical Perspective

3. Clientelism as a Policy Equilibrium

4. Muddling Through Reform: Crisis and Policy Between 1985 and 1989

5. Departure from the Clientelist Equilibrium: The Economic Agenda of the Mitsotakis Government (1990-1993)

6. Clientelist Bias in Macroeconomic Stabilization: Fiscal and Monetary Policy under PASOK (1993-2000)

7. Clientelist Bias in Structural Reforms: The Case of PASOK (1993-2004)

8. Within-party Dynamics in Clientelist Politics: PASOK under Simitis

9. Beyond Clientelist Bias: The Impact of Economic Restructuring on the Nature of Distributional Politics

10. The Slippery Slope to the Greek Crisis (2004-2009)

11. The Greek Crisis (2009-2015)

12. Conclusion: A New Insight into the Clientelist System

Biography

Aris Trantidis is F.A. Hayek Fellow at George Mason University, the Mercatus Center, USA, and a Visiting Lecturer in the Department of Political Economy, King’s College London, UK