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Greek Economic Miracle
The Greek economic miracle (Greek: Ελληνικό οικονομικό θαύμα) describes a period of rapid and sustained economic growth in Greece from 1950 to 1973. At its height, the Greek economy grew by an average of 7.7 percent, second in the world only to Japan.Angus Maddison"Monitoring the World Economy 1820-1992", OECD (1995) Background From 1941 to 1944, Greece endured the devastating effects of World War II, including military invasion, occupation, and fierce fighting with Greek Resistance groups, which all caused unprecedented damage to the country's already-underdeveloped infrastructure and economy. Forced loans demanded by the occupying regime severely devalued the drachma to the point of hyperinflation in 1943 and 1944, while the end of the war gave way to a bitter civil war that lasted until 1949. By 1950, the relative position of the Greek economy had dramatically deteriorated: the income per capita in purchasing power terms fell from 62% of France's i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Miracle
Economic miracle is an informal economic term for a period of dramatic economic development that is entirely unexpected or unexpectedly strong. Economic miracles have occurred in the recent histories of a number of countries, often those undergoing an economic boom or described as a tiger economy. Great Divergence See Great Divergence. *Commercial revolution (c. 1000–1760) *Industrial Revolution (c. 1760–1840) *Second Industrial Revolution (c. 1870–1914) Post-World War II See Post–World War II economic expansion. * Swiss miracle (c. 1940s–2000s) *Japanese economic miracle (c. 1950s–1973) *Trente Glorieuses (France, c. 1945–1975) *Record years (Sweden, c. 1947–1974) *''Wirtschaftswunder'' (West Germany and Austria, c. 1950s–1970s) *Mexican miracle (c. 1940s–1970s) (term not used by economists) * Belgian economic miracle (1945–1948) * Greek economic miracle (1950–1973) (Eventually followed by downturn) *Italian economic miracle (c. 1950–1973) * Spanish mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Invasion Of Cyprus
The Turkish invasion of Cyprus began on 20 July 1974 and progressed in two phases over the following month. Taking place upon a background of Cypriot intercommunal violence, intercommunal violence between Greek Cypriots, Greek and Turkish Cypriots, and in response to a 1974 Cypriot coup d'état, Greek junta-sponsored Cypriot coup d'état five days earlier, it led to the Turkish Military occupation, capture and occupation of the northern part of the island. The coup was ordered by the Greek junta, military junta in Greece and staged by the Cypriot National Guard in conjunction with EOKA B. It deposed the Cypriot president Archbishop Makarios III and installed Nikos Sampson. The aim of the coup was the Enosis, union (''enosis'') of Cyprus with Greece, and the Hellenic Republic of Cyprus to be declared. The Battle of Pentemili beachhead, Turkish forces landed in Cyprus on 20 July and captured 3% of the island before a ceasefire was declared. The Greek military junta collapsed a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constantine II Of Greece
Constantine II (, ; 2 June 1940 – 10 January 2023) was the last King of Greece, reigning from 6 March 1964 until the abolition of the Greek monarchy on 1 June 1973. Constantine was born in Athens as the only son of Crown Prince Paul and Crown Princess Frederica of Greece. Being of Danish descent, he was also born as a prince of Denmark. As his family was forced into exile during the Second World War, he spent the first years of his childhood in Egypt and South Africa. He returned to Greece with his family in 1946 during the Greek Civil War. After Constantine's uncle, George II, died in 1947, Paul became the new king and Constantine the crown prince. As a young man, Constantine was a competitive sailor and Olympian, winning a gold medal in the 1960 Rome Olympics in the Dragon class along with Odysseus Eskitzoglou and George Zaimis in the yacht ''Nireus''. From 1964, he served on the International Olympic Committee. Constantine acceded as king following his father's d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgios Papandreou
Georgios Papandreou (, ''Geórgios Papandréou''; 13 February 1888 – 1 November 1968) was a Greek politician, the founder of the Papandreou political dynasty. He served three terms as the prime minister of Greece (1944–1945, 1963, 1964–1965). He was also deputy prime minister from 1950 to 1952, in the governments of Nikolaos Plastiras and Sofoklis Venizelos. He served numerous times as a cabinet minister, starting in 1923, in a political career that spanned more than five decades. Early life Papandreou was born Georgios Stavropoulos at Kalentzi, in the Achaea region of the northern Peloponnese. He was the son of Father Andreas Stavropoulos, an Orthodox archpriest (protopresvyteros). His last name is derived from his father's Christian name and the word ''papas'' "priest". He studied law in Athens and political science in Berlin. His political philosophy was heavily influenced by German social democracy. As a result, he was adamantly opposed to the monarchy and supp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiger Economy
A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. The term was originally used for the Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore) as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies (Indonesia, Malaysia, Thailand, Vietnam and the Philippines). The Asian Tigers also inspired other economies later on; the Anatolian Tigers (certain cities in Turkey) in the 1980s, the Gulf Tiger (Dubai) in the 1990s, the Celtic Tiger (Republic of Ireland) in 1995–2000, the Baltic tigers (Baltic states) in 2000–2007, and the Tatra Tiger (Slovakia) in 2002–2007. History In the 1960s, the Philippines, Sri Lanka and Myanmar were considered as the "Tiger of Asia" Economies as all three countries were experiencing high growth. Internal issues however led to the economies of all three countries to falter. Israel's rapid economic growth in the 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spyros Markezinis
Spyridon "Spyros" Markezinis (or Markesinis; ; 22 April 1909 – 4 January 2000) was a Greek politician, longtime member of the Hellenic Parliament, and briefly the Prime Minister of Greece during the aborted attempt at metapolitefsi (democratization) of the Greek military regime in 1973. trumanlibrary.gov. Accessed 20 December 2022. Early political life Spyros Markezinis was born in , a scion of an old wealthy family of , who were at some time given the title ''marchesini'' (i.e., "little |
Georgios Kartalis
Georgios Kartalis (; 1908–1957) was a Greek politician. Early life and political career Kartalis was born in Athens to a distinguished family from Volos. He went to school in Geneva and enrolled in the ETH Zürich, only to change after the first year to Economics at the University of Munich and the University of Leipzig. He continued his studies by taking courses in Economy at the London School of Economics (1930–1932) and the University of Kiel (1932–1933). Kartalis returned to Greece in 1933 in order to take up the family's role in the local politics of Volos. He stood unsuccessfully for the city's mayor in 1933, but in the June 1935 elections he was elected as an MP in the People's Party ticket. His knowledge of economy and finance led to his immediate appointment General Secretary in the Economics Ministry in the government of Panagis Tsaldaris, and after the royalist October coup of General Georgios Kondylis he was named Labour Minister. The imposition of the dicta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Konstantinos Karamanlis
Konstantinos G. Karamanlis (, ; 8 March 1907 – 23 April 1998) was a Greek statesman who was the four-time Prime Minister of Greece and two-term president of the Third Hellenic Republic. A towering figure of Greek politics, his political career spanned portions of seven decades, covering much of the latter half of the 20th century. Born near Serres in Macedonia, Karamanlis practiced law until his election to the Hellenic Parliament in 1936 as a member of the conservative People's Party. Rising through the ranks of Greek politics after World War II, Karamanlis became Minister of Labour in 1947, and in 1951 he was named Minister for Public Works in Alexandros Papagos's Greek Rally administration. He was appointed prime minister by King Paul of Greece after Papagos's death in 1955. During his first term, he applied a program of rapid industrialization, heavy investment on infrastructure and improvement on agricultural production, which led to the post-war Greek economic miracl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palgrave Macmillan
Palgrave Macmillan is a British academic and trade publishing company headquartered in the London Borough of Camden. Its programme includes textbooks, journals, monographs, professional and reference works in print and online. It maintains offices in London, New York City, New York, Shanghai, Melbourne, Sydney, Hong Kong, Delhi and Johannesburg. Palgrave Macmillan was created in 2000 when St. Martin's Press in the US united with Macmillan Publishers in the UK to combine their worldwide academic publishing operations. The company was known simply as Palgrave until 2002, but has since been known as Palgrave Macmillan. It is a subsidiary of Springer Nature. Until 2015, it was part of the Macmillan Publishers, Macmillan Group and therefore wholly owned by the German publishing company Holtzbrinck Publishing Group (which still owns a controlling interest in Springer Nature). As part of Macmillan, it was headquartered at the Macmillan campus in Kings Cross, London with other Macmilla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a '' revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
