In search of Hope

Writes Nikos Androulakis
Our country for eight years is in crisis. Our economy…
he has lost 26% of GDP, hundreds of thousands of young people have gone abroad and the development of a summer dream. Of course we are not in as dangerous a position as we were during the last κωμικοτραγικής trading, but the risk is still there. For this reason, we must take the future in our hands and we again gain our economic independence. For this to happen, the first step is the achievement of immediate political and economic stability.
You then need to design and implement a programme of redeployment of our productive base. The goal should be to eliminate over a decade the twin deficits, the trade balance and current account balance. Only then will we be able to be safe and adequately protected from similar future crises.
A few days ago I presented in Brussels the initiative “Brain Gain” that φιλοδόξει to create an experiential relationship between the Greeks and especially of young scientists abroad. Since 2008, a total of 427.000 greeks have sought their luck abroad. The difference between other waves of immigration that has been experienced by the country is that in our time it serves at the basis of scientific and knowledgeable staff. To understand the scale, suffice it to say that the above number corresponds to the 10% of the total graduates of universities in the country. The mobility of Greek researchers is the largest in the EU with a rate of 73%, while the EU average is 56%. There are groups working at a very high level of research teams where half the participants are Greek.
Consequently, the outflow of human capital concerns mainly the most competitive, capable and ambitious part of the labour force. The production of exploitation by a foreign country constitutes a permanent injury on the country of origin, since the average quality of the remaining stock of human capital is getting worse. So, given that in the next few years the Greeks of the diaspora have risen to positions of responsibility, it is important to create a network that will connect them with Greece and possibly contributes to the limitation of the current bleeding to the outside.
Of course, the young people with many skills and appetite for work will not return if you do not improve the prospects of the Greek economy and if you don’t create new and good jobs. What should we do? We need to restructure the productive model of the country. The current model is fading daily and, to be honest, has completed its historic cycle, even before 2008. Just the crisis delivered the coup de grace. What do we need? We need over a decade of about 80 billion investments, 450.000 new and good jobs, and a shift about 10% of the GDP of the country in the sector of internationally tradable goods and services. The goal is not unrealistic if we consider that the funds of the NSRF and the expected investments in the construction sector covering half of it how while, and even today, established 15 000 new companies each year.
The main problem, however, is the quality and not the quantity. To operate the new productive model, we need to adopt specific policies, to work with a plan, discipline and drafted. In particular, we need public policies that will allow us:
• to turn to more productive sectors and link education with production
• to support the νεοφυή entrepreneurship
• to promote excellence, transparency and meritocracy, and
• to create an environment friendly to entrepreneurship.
In the crisis, it is difficult to see the end of it. All of the seizures but once they end and the country has lived most difficult moments in its recent history. Since we were not able to avoid financial diversion, let’s at least create the conditions for it to not happen again.

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