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Essay / Research Paper Abstract
This 6 page paper argues that in Greece the costs of economic growth have outweighed the benefits. The paper looks at the different costs that have been seen as the paper includes 3 graphs. The bibliography cites 3 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEgreegr.rtf
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Unformatted sample text from the term paper:
economy may have an impact on others. For example, the bring down inflation there may be the need to increase interest rates which may have a short term negative impact
on the economy. Where there is a budget deficit is may be necessary to cut public spending in order to bring government borrowing under control. In looking at Greece there
have been some recent economic reforms in order to aid the economy and bring it in line to join the single European currency. The aim of joining the currency has
been to grow the economy, and as such it may be seen as one example that there are disadvantages when there is the target of growing the economy.
In order to access if the costs of economic growth will outweigh the benefits that are gained the student needs to look in more detail at Greece and the benefits
and disadvantages it has realised in seeking to grow its economy. In the years between 1995 - 2000 there has been steady growth in the Greek GDP, averaging 3.3% per
annum, this is slightly higher than the average EU countries growth (Kollintzas and Bosworth, 2001). This is shown in figure 1 Figure 1 Growth in the Greek GDP compared with
the EU 15 member states 1993 - 2002 (Bank of Greece, 2002). Historically growth has been seen to come
at a price in this country. For example, in looking at the time period between the 1960 - 19870 there is a period of growth. Figures suggest that the
1980s may have been a time of gain but that the gains made were limited. While growth was in place, the Greek per capital gross national product only increased
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