“The Greek economy needs a strategy to stimulate growth and enterprise rather than one that prioritises austerity.
• There are many policy levers that government can pull. These may include:
- entrepreneurial incentives
- a strategic focus on growth sectors and support for firms to expand into new markets
- attract investment from abroad.
- Technology and innovation incentives may include the modernisation of existing small and medium sized enterprises (SMEs)
- the encouragement of new, innovative enterprises.
These interventions would require appropriate financial instruments to help SMEs develop and grow.
Incentives to raise the skills-base and retain the existing human resource capabilities are also required.”
Do you agree? Explain your answer.
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