Not Only a Host Country...


Published: Jun 30, 2024
Keywords:
Brain Drain Economic Crisis Greece Human Capital Knowledge Economy Diaspora Welfare State Economic Development Brain Gain Education
Panagiotis Myrotis
Abstract

During the period of the economic crisis of 2010-2019, Greece, in addition to county’s economic dimension, had to face the flight of its human capital abroad. The conditions created by the crisis resulted in the Brain Drain phenomenon making its appearance in the European country. The peculiarity of this type of immigration is that the country suffers, economically and socially to a large extent, due to the absence of the human capital on which it has invested. The structure of the study is based on the analysis of primary and secondary sources with a productive process. First, a literature overview of the term Brain Drain is made, then the findings are correlated with the Greek case and the role that the diaspora Greeks can play in Greece after the crisis. Finally, in this paper there is an attempt to develop policy proposals aimed at their repatriation.

Article Details
  • Section
  • Articles
Downloads
Download data is not yet available.
References
Giannoccolo, P. (2009, April 7). The Brain Drain: A Survey of the Literature. Bologna: Università degli Studi di Milano-Bicocca, Department of Statistics, Working Paper No. 2006-03-02.
Lazaretou, S. (2022, July 28). The Greek Brain Drain: The new pattern of Greek emigration during the recent crisis. Bank of Greece Economic Bulletin, 43 (3), 31-53.
Liandris, L. & Pratsinakis, M. (2017, April 4). Crisis Braind Rain Short-Term Pain/Long-Term Gain. GIC, 87-106.
Μπαλούρδος, Δ., Δεμερτζής, Ν., Πιερράκος, Γ., & Κικίλιας, Η. (2019). Η χαμηλή γονιμότητα στην Ελλάδα, δημογραφική κρίση και πολιτικές ενίσχυσης της οικογένειας. Αθήνα: ΔιαΝΕΟσις.
Panagiotakopoulos, A. (2020, June 2). Investigating the factors affecting brain drain in Greece: looking beyond the obvious, World Journal of Entrepreneurship, Management and Sustainable Development, 16 (3), 207-218.
Papakonstantinou, K. (2021, March 10). Discussing the Brain Drain. LSE.
Stamouli, N. (2020, January 21). Politico. Ανάκτηση από Greece’s reverse brain drain. Available at: https://www.politico.eu/article/greece-reverse-brain-drain-skills-young-people-financial-crisis/ (Accessed: 15/05/2024).
World Bank. (2024, May 26). World Bank. GDP growth (annual %) – Greece. Available at: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=GR (Accessed: 15/05/2024).
Most read articles by the same author(s)