Evaluation of the competitiveness and the business environment in Greece.

Abstract

The economic crisis started from 2008 and onwards is considered by many economists as the most terrible financial crisis since the Great Depression of the 1930s. It resulted in the danger of entire fall down of large financial institutions, the bailout of banks by national governments, and as a result a huge recession in most of the regions. Especially for countries with major economic problems the competitiveness and the business environment are essential for them to reverse the climate and restart their economy again. The growth of business environment and the competitiveness are being measured by two globally accepted measures: The World Economic Forum publishes the Global Competitiveness Report and the World Bank publishes The Easy of Doing Business Smarter Regulations for Small and Medium Size Enterprises Report. This study will attempt to evaluate Greek performance according to those indexes and suggest solutions for an attractive business environment as a prerequisite for the recovery of the Greek economy.