TEAM:  Anastasia Leontiou  Leukothea-Gewrgia Oikonomou  Elena Ioannou  Kuriaki Kalliaridou The Greek financial crisis and the international trade

STRUCTURE  International trade  Greek crisis  International trade through the financial crisis  Ways to improve Greek exports and imports  The advantages from an enhanced trade

INTERNATIONAL TRADE Definition Study of international trade Modern Economic Science Marshall Supporters Robertson

PROS CONS An economy can consume a good than it can not produce The comparative advantage leads to specialization INTERNATIONAL TRADE Distribution of income Dependency theory

Example of how the size of an economy can affect the international trade USA TRADE PARTNERS WHAT FACTORS CAN AFFECT IT ? The size of economy Geographical location The distance among the exchanging countries Common characteristics among populations The number of multinational enterprises The cost and facilitation of transport and custom duties

THE GREEK CRISIS Crisis began in the end of 2008

THE GREEK CRISIS Crisis began in the end of 2008 Greek budget deficit and dept rise rapidly

The Greek crisis The causes can be found in the structure of Greek economy, in policies that the government had in years, but also in worldwide financial crisis. Huge fiscal imbalances ( ) International Monetary Fund (2010) Crowding out

GREEK INTERNATIONAL TRADE THOUGH THE FINANCIAL CRISIS

HOW INTERNATIONAL TRADE OF GREECE CAN BE IMPROVED Restructuring of certification units The removal of obstacles that constrain the export activity Better coordination of the exporting efforts Restructuring and modernizing of National Council of Improvement and Competitiveness The surveillance of a network that everyone can find useful information More efficient efforts from enterprises

RESULTS  Higher national income economic and social welfare  More competitive enterprises in national markets  Enhanced relationships between different countries and populations

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