Abstract
The formation of the cultural background, positive or negative in relation to the demands of growth and development, is, to some extent, a product of internal influences, but usually the result of a long, endogenous process. Given the need to draw on the historical analysis of economic trends, this chapter deviates into the realm of behavioural science, highlighting the relationship between risk and investment behaviour through the “macroeconomic experience”. This relationship is crucial for understanding the evolution of the production model of the Greek economy and the elements of its configuration and operation. In the context of this effort, it is important to understand and highlight the chronic social behaviours that form a key driver of economic activity and are possibly responsible for the recurrent crises in the Greek economy and society.
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Notes
- 1.
If we take into account that exports in 1928 (20%) were mostly product exports, while the corresponding export production in 2008 was evaluated at 7% of GDP, the image of the commercial extroversion of the Greek economy and its evolution appears bleak.
- 2.
- 3.
In order for the data depicted in the following figures to be clearly understood, it should be mentioned that the individual indices are measured on different scales.
- 4.
In the research, the terms “cultural dimensions”, “cultural values” and “cultural attitudes” are used alternately. For the sake of simplicity, we can accept that the concept of “stereotypes” is similar to that of “values” and “cultural dimensions” and “attitudes”. This equalization of the concepts might be daring, but it allows us to connect, in a manner that is easy to understand and helpful, the accepted concepts developed in social psychology with the concepts developed in organizational psychology. These common tools are useful, in the end, for understanding the cultural background of the process of development and growth.
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Petrakis, P. (2012). Cultural Values, Stereotypes and Historical Evolution. In: The Greek Economy and the Crisis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-21175-1_6
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