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2002 OECD Economic Surveys: Greece 2002

image of OECD Economic Surveys: Greece 2002

This 2002 edition of OECD's periodic review of Greece's economy examines recent economic developments, policies and prospects and includes special features on public expenditure and structural reform.

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Progress in Structural Reform

This chapter looks at structural impediments to better economic performance, and structural policies that could lessen or remove them. It focuses on a limited number of key areas that seem, in the Greek context, to be particularly important for faster growth, to wit, the quantity and quality of labour inputs, and the efficiency of product and financial markets. The areas discussed below are: the improvement of labour market flexibility; the upgrading of training and education: competition policy reform; the liberalisation of product markets, in particular the energy, telecommunication and transport sectors; and the reform of financial markets. The chapter concludes with a box (Box 11) summarising recent progress in structural reforms more generally.

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