...duties of the administration. The president automatically becomes prime minster and then gets appointed to become cabinet ministers. The actual ‘president’ is elected by the parliament for a five year term. The current ‘chief of state’ is President Karolos Papoulias and the head of government is Prime Minister Antonis Samaras. As you are aware, Greece’s economy isn’t doing too well lately. Greece has a capitalist economy which means it has an economic system based on private ownership of capital. 40 percent of the countries GDP is accounted from a public sector. Tourism provides fifteen percent, in which we will discuss later. Between 2003 and 2007 the economy grew nearly four percent per year. This is partially due to the 2004 Olympic games which also resulted in an increased availability of credit. However, with the 2009 recession due to the world financial crisis, Athens’ credit conditions tightened. Greece violated the EU’s Growth and Stability Pact which says no more than three percent of GDP, in which Greece was at six percent in 2011. The economy of Greece kept going downhill. By April 2010, the credit agencies assigned Greece to be in the lowest possible...
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...the world. One of these countries that may be of importance is Greece, which is located in Southern Europe. Greece is one of the most mountainous countries in Europe, consisting of approximately eighty percent mountains and hills. It shares borders with four other countries (Albania, The Republic of Macedonia, Bulgaria, and Turkey), and is also bordered by three seas (Aegean, Mediterranean, and the Ionian). Greece has a total coastline length of 13,676 kilometers, which makes it the eleventh longest in the world. This coastline consists of the mainland as well as approximately 1,400 islands, 227 of which are inhibited. Greece has a fairly large population of almost eleven million people. Majority of the country, roughly 99 percent, speak Greek, while the remaining population speaks English and French. Because of Greece’s location, it faces some significant political and economic disputes between bordering countries. Since there are a vast amount of islands in the seas bordering Greece, it is always facing boundary disputes with neighboring countries. One of the best examples is the constant, ongoing discussion between Greece and Turkey attempting to resolve their complex maritime, air, territorial, and boundary disputes in the Aegean Sea. Another problem that Greece faces because of its location is the mass migration of Albanians into Greece seeking employment. This migration started in the late 1980’s and is still an issue in Greece today. The number of Albanian immigrants in...
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...Doing Business in Greece Introduction Greece is an extraordinary country rich in ancient civilization, famous for giving birth to democracy! According to (Business culture, 2014) Greece is an open economy that relies heavily on the service sector, while the remaining national output comes from the industry and agricultural sectors. On top of that Greece is still a significant agricultural and fisheries producer for Europe, but the tourist industry will always be the basis of the Greek economy, which Greece ranks 7th in the most visited countries in EU. It is approximately the same size as New York. It is located in southeastern part of Europe, hanging right down by the beautiful Mediterranean Sea, just east of Italy. Greek culture is rich in dramas, rhetoric, music, and philosophy dating back to Greece’s classical era. It is home to the mythological characters and their popular stories world-wide, The Greek Gods and Goddesses that we’ve watch in multiple movies and cartoon shows growing up, originated from this beautiful country. The most recent highlight from Greece is Sparta, the Hollywood movie 300, which showcases the historical connection between Greece and Persia. Greece finally became an independent nation in the 1800’s, joined the European community in 1981, and became a member of the economic/monetary union at the beginning of 2001 before their economic downfall. Demographics As stated in (Konstandaras, 2013) the total population of Greece is around 11 million...
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...How were the Greeks similar and different to the Hellenistic empire? The Greeks and the Hellenistic empire were similar in dependence on slave labor, where in Hellenic era, “ virtually every household had a few” (Sherman & Salisbury, 2013), and “every household had one or two domestic slaves, and most manufacturing and other labor was done by slaves” (Sherman & Salisbury, 2013), which in both eras, “it was customary to enslave losers in battle” (Sherman & Salisbury, 2013). On the other side, the differences could be found in the status of women living in either era. As the textbook suggests in the Greece chapter: “While respectable women stayed carefully indoors, some women – slaves or foreigners – who had no economic resources or family ties became prostitutes and courtesans who shared men’s public lives at dinners and drinking parties” (Sherman & Salisbury, 2013). The Hellenistic World chapter, “It suggests that women worked and earned money instead of staying carefully guarded within the home. It also shows a loosening of the tight family ties that had marked the Greek poleis and the ancient Middle East civilizations” (Sherman & Salisbury, 2013). Athens supposedly experienced “a developing democratic form of government… that allowed them to run and control the growing city” (Sherman & Salisbury, 2013), while during Hellenistic era, ”Society, economy, and politics all played out on a larger scale, and kings, rather than citizens, now ruled… It indicates people’s view of...
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...“Remember upon the conduct of each depends the fate of all.” These are the words of Alexander the Great. These words spoken so truly to reflect his passion of Greek culture, Alexander the Great expressed these words throughout his entire being. This famous man, who to some, was like a god, accomplished many impossible tasks to any ordinary person while spreading his love of Greek culture around the world. On July 20, 356 BC, a legend was born to King Philip II and Queen Olympia. Alexander the Great was recognized early that he could change the world. He studied under an astonishing, Greek philosopher, Aristotle where he learned literature, exceptional writing skills and knowledge that broaden Alexander III into horizons that not many could imagine. Alexander had an obsession for knowledge which showed throughout his battles in his later years. He had very skilled military tactics and which he combined his vast knowledge to conquer all that he put his mind to. At the age of 18, Alexander took charge of the Companion Cavalry and helped his father in defeating the Athenian and Theban armies of Chaeronea. Learning from past warriors, from their feats to their fails, he was able to figure out how to achieve his own goals on the battle field along with skilled decision making. Alexander the Great wanted to continue the expansion of Macedonia in which is father, King Philip was doing when Alexander was younger. After the death of his father, the Macedonian army supported Alexander...
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...Idealism versus Reality I wish to begin my inquiry and understanding of what Schiller is trying to say by defining and listing Adam’s Smith ideas on division of labor and its beneficial and undesired effects. It is important to do so as Smith is a predecessor to Schiller and the society/circumstances Schiller is subject to is a product of adherence or implementation of Smith’s philosophy since its propagation. Adam Smith theorizes that division of labor leads to increased efficiency by saving time, as direct result of specialization of labor at each step in production, this specialization on part of labor needs to increased dexterity and ingenuity on part of the laborers who with their experiential knowledge will improvise production or invents things to save their labor and time. All this will leads to betterment of the society because there will be more good and commodities available for the society as whole, but at the cost of the individuals or the class of workers subject to DOL system of production. According to Smith they will turn in to dull human beings, incapable of analysis and protecting their country. And he proposes the idea of compulsory universal education that will at least lessen this undesired outcome of DOL to some degree. A necessary sacrifice by the part of the society for the betterment of society as a whole. This separation of part from the whole at a macro level is what is going to form the basis of Schiller’s opposition to Smith’s argument...
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...An economy (Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution or trade, and consumption of goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Economic activity is spurred by production which uses natural resources, labor, and capital. It has changed over time due to technology (automation, accelerator of process, reduction of cost functions), innovation (new products, services, processes, new markets, expands markets, diversification of markets, niche markets, increases revenue functions) such as that which produces intellectual property and changes in industrial relations (child labor being replaced with universal access to education). A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. A market-based economy is where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange...
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...standards of living, full employment, and conditions of economic and social progress and development". Guiding the United Nations endeavors is the conviction that lasting international peace and security are possible only if the economic and social well being of people everywhere is assured. As the global center for consensus building, the UN has set priorities and goals for international cooperation to assist countries in their development efforts and to foster a supportive global economic environment. An ancient and democratic governmental system allowed Greece’s economy to quickly develop. Greece became a country brimming with resources and wealth due to its economic advancements in a developing world. However, a staggering six-year economic recession has led Greece to be dependent on and supportive of the UN’s promise to aid economic development. More than 100,000 businesses have closed, roughly a quarter of Greek households live close to the poverty line, many banks have shut down, and debt weighs heavily upon our nation. We, as a country, are just beginning to recover. In spite of economic struggles, the people of Greece have felt only a small fraction of the economic hardships and poverty that people in Africa have been facing for years. Africa is the poorest of all inhabited countries and it continues to have some of the worst living conditions and lowest incomes for individuals seen in our modern world. A dependence on commodity exports, a lack of economic diversification...
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...Why economists disagree? To understand why often economists do not agree with each other, first we have to know what is the economics, or who are the economists? According to the ancient Greek it means “one who manages and administers all matters relating to a household”. It is natural that human have needs and wants that they want to satisfy, and they do it by physical and non-physical objects. The physical ones are defined by people as goods (food, clothes, houses, etc.), the non-physical by services (education, health care, entertainment). To satisfy human needs and wants we need resources, which unfortunately are scarce. This scarcity leads the economists to making choices on what to produce, how to produce and for whom, also it is very important to avoid resource wasting as much as possible. This is one of the sources of all the conflicts between them. It is important because it is directly related to people and their lives. The other reason is that economics is a social science based on theories rather than hypothesis. Social science means that it deals with human society and behavior, how people organize their activities and what they do to satisfy their needs and wants. Social science’s approach to studying human society is based on the social scientific method. There are four main aspects of economists’ disagreement. They include the importance of the economic growth and the economic development; how sustainability should be achieved in economics; whether the government...
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...also in Australia still be strong to having any investment or trading business because people can accept an election and no any problem occurred following an election too. The export policy still being stable and they will not change it frequently because the government can manage the country well and people satisfy with it. The foreign company or the company that export product to Australia can trust in their stable politic and they will not afraid of any violence political problem to be their investment or exporting problem in Australia. Australia still also stays in free trade area agreement with ASEAN, Chile, Singapore, the United States and New Zealand, including Thailand too. 2. Economic Analysis The economy of Australia is a developed, modern market economy with a GDP of approximately growth 2.7% and GDP per capita $40,836 in 2010. Economic in Australia also is very interest to export product because there have high GDP and it is not fluctuate, it is quite stable. Their economic is growing everyday and also their import and export management is very good. They can manage the balance of payment that can lead to the less unemployment and increasing in income of people. This is an opportunity to export to Australia. Their people are also quite wealthy, that means their people have ability to buy any products. This can attract a lot of investment so many premium product from other countries spend a lot of...
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...An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. In the past, economic activity was theorized to be bounded by natural resources, labor, and capital. This view ignores the value of technology (automation, accelerator of process, reduction of cost functions), and innovation (new products, services, processes, new markets, expands markets, diversification of markets, niche markets, increases revenue functions), especially that which produces intellectual property. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. The largest national economy in the Americas is the United States,[1] Germany in Europe,[2] Nigeria in Africa[3] and China in Asia.[4] A market-based economy is where goods and services are produced without obstruction or interference, and exchanged according to demand and supply between participants...
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...development has gained prominence. Countries with long history of democratic governance have been noted to be doing well economically. It is the view of this author that so far a comprehensive assessment of the full impact of democracy on economic development is yet to be done.Probably, the reason as to why this has been so is because there is an obvious assumption that democracy will always have a positive impact on economic development. It is worthwhile however, to move away from the sweeping generalization and put this issue into proper perspective. It is proper to establish the full impact of democracy. In this study, the author will seek to establish the impact of democracy on economic development. Since its origins in ancient Greece, when Greeks created city states as communities of citizens in which the administration and the making of policy were the rights of citizens, democracy has been a subject of many speculations and questions that even to date beggar answers. One of the critical questions that have been the center of speculation is what democracy’s impact on economic development is. This question has been propelled to the fore by certain factors such...
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...An economy consists of the economic systems of a country or other area; the labor, capital, and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area. A given economy is the result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network. Capital and labor can move freely across places, industries and firms in search of higher profits, dividends, interest, compensations and benefits. Rent on land allocates this generally fixed resource among competing users. Contemporary Capitalism is a market economy in which most of the production capacity is owned and directed by the private sector. Government role is limited to provide for defense and internal security; administer justice and prisons; make laws and regulations; enforce contracts, laws and regulations; correct market imperfections and failures; ensure full employment without inflation; promote balance economic growth and development; provide...
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...American intercontinental university | Compare and Contrast | The comparison and contrasting of Greek and Roman Cultures | | Misty Thornton | 11/11/2012 | The comparing and contrasting that distinguish elements or features of early Greek and Roman cultures, including illustrative or significant examples of the various features. | Contrast | GREEKS | ROMANS | ART | Had sculptures that consisted of small figurines and life-size statues. Showed the beauty of the human form in nudes and combined realism and idealism. | Had sculptures and statues. Mosaics were popular because they were created a desired look. | | Sculptures created told stories of heroes, Gods, mythical creatures, important events and the culture of Greece. | Sculptures designed for the purpose of telling the significant history of the culture. | | Pottery was another form of important art. Architecture typically more rectilinear and of post and lintel construction. | Created paintings. Buildings they mastered were ones that had arches and domes. Made concrete better. | GEOGRAPHY | Greece land is covered with many mountains. It is a peninsula composing of even smaller peninsulas on its land. | Rome was located near the Mediterranean Sea and the volcanic mountains. The land is composed of large hills made of tufa rocks. | RELIGION | Built temples. Temples were ornate on the outside and plain on the inside. Worshiped many Gods like Zeus, Hera, and Apollo. | Temples built were...
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...the strict Schengen border rules to its eastern borders 1 * Refugees and internally displaced persons: refugees (country of origin): 15,149 (Russia) (2013) 1 * stateless persons: 10,825 (2012) 1 * Legal system: civil law system, rulings of the Constitutional Tribunal are final 1 * International law organization participation: accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction 1 2. Economic * Economic situation: * High-income country with a medium-sized economy 2 * The only one in the EU to avoid a recession through the 2008-09 economic downturn 1 * Predominantly services-based 2 * Agriculture accounts for 3.54% of GDP and employs 12.60% of the population 2 * Manufacturing and industry accounts for 31.63% of GDP and employs 30.40% of the population 2 * The service sector accounts for 64.83% of the GDP and employs 57.00% of the population 2 * Polish economy has performed well over the past five years 5 * Growth slowed in 2012 and 2013, in part due to the ongoing economic difficulties in the euro zone 5 * Short-term, the key policy challenge will be to consolidate debt and spending without stifling economic growth 5 * Over the longer term, Poland's economic performance could improve 5 * GDP (purchasing power parity): $814 billion (2013 est.) 1 * GDP (official exchange rate): $513.9...
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