The Greek Economy
Agriculture
The Greek economy depends a lot on agriculture. One quarter of the Greek workforce is engaged in farming, and agriculture constitutes about 15% of the domestic production. Not much attention has been drawn on the agricultural sector of the economy. The farms are pretty small, the division of inheriting land has reduced the average size to 3,4 hectares (8 acres) and it is really difficult to use mechanised equipment efficiently. Yields are also low due to the dryness and erosion of the soil. Let's take a look at the yearly output of some major crops: tobacco 142000, wheat 2.6 million, tomatoes 1.9 million, oranges 780000, corn 2.1 million, sugar beet 1.9 million, grapes 1.6 million, olives 1.5 million, potatoes 850000 and cotton 222000. Livestock included some
10.8 million sheep, 3.5 million goats, 800000 head of cattle, 31 million poultry and 1.2 million pigs.
Forestry and Fishing
The Greek government owns the two-thirds of the forestland and has materialised her plans i.e. to replace the trees that were destroyed during World War II.
About 2.9 million cu m of timber were annually cut in the late 80's and approximately the 75% of the harvest was hardwood. Fish exports are limited because of the widespread consumption of fish products within Greece. However in recent years thousands of tons of fish are exported each year, due to the ever increasing development of fish farms in the country. In the late 80's the annual catch totalled 135000 tons, from which 80% was consumed within Greece. Sponges are the main marine product exported.
Mining
Mining is of little importance to the Greek economy. We should mention though the annual output of minerals in tons: bauxite 2.3 million, iron ore 1.3 million and magnesite 884400. Also, about 279200 cu m of marble were quarried. Petroleum, salt, chromium, silver, zinc were also produced.
Manufacturing
Approximately one fifth of the Greek workforce is engaged in manufacturing, which contributes 18% of the annual gross production. The manufactured
products include: food, beverages, tobacco, textiles, clothing, chemicals, cement and wine. Athens is the manufacturing center of Greece.
Currency and Banking
The national currency of Greece is drachma. The central banking institution is the Bank of Greece. The biggest banks of Greece are the National Bank of Greece, with 470 domestic branches and the Agricultural Bank of Greece with 420 branches.
Foreign Trade
Generally Greece spends each year much more on imports than it receives from exports. This "imbalance" is offset to a certain extent by tourist revenues and by remittances from Greeks living abroad. In the 80's the imports totalled 3 trillion drachmas and exports earned 1.5 trillion drachmas.
When the "new" management took over Pacific Lumber the process of "selective cutting" was abandoned and "clear cutting" was adopted. Although "clear cutting" is a way to obtain so-called fast cash, it wa...
Due to the demand many packaging for the fish can find its was back to sea, or when fishermen are out at sea they can leave their garbage. Many nets from the boats and gears can also be found in the water, that fish can later see as food, eat it, and die; this ties back to extinction in fish. There is much pollution and decline stocks in fish because it is very hard to regulate the seas. To fulfill the growing demand for seafood, many companies are forced to fish beyond areas that are supposed to be non-fishing zones. This is because there are hardly any laws or restrictions telling them where they can and cannot fish. Sally Driscoll and Tom Warhol report in, ‘Overfishing’, that itt wasn’t until 1956 where we saw our first regulation, the United Nations organized the first UN Convention of the Law of the Sea or the NCLOS which helped promote rights of all countries by establishing boundaries off shore. Meaning that some seafood fished in certain areas of the ocean cannot be sold in certain countries, and in some areas it is illegal to fish unless you have a permit from that country. Economy also helps make it harder to regulate the seas, in ‘Overfishing’ it is explained that Preisdent Barack Obama brought up Antiquities Act of 1906, that let fishermen expand their fishing areas. The United Nations FAO estimates that 25 percent of all fish trapped in nets are labeled unusable or not licensed for fishing by the
two-thirds of all primates and that landscape in shrinking every time people cut down the trees.
(Kumar et al., 2008a). Globally, 1.3 1010 metric tons of wood is produced by terrestrial
Officially titled the Hellenic Republic, Greece is a country whose historical and cultural heritage continues to influence the modern world through art, philosophy and politics. Greece is located in southern europe. Critically placed at the byroads of Europe, Western Asia and North Africa. Greece shares land borders with four countries: Albania, Bulgaria, Turkey, and the Republic of Macedonia. The country is greatly consumed by water to the south with over 1,400 islands, the largest of them being Crete. Over eighty percent of Greece is of mountains, the largest and most culturally significant being mount Olympus, which in Greek mythology is the resting place of the twelve olympians. Greece is a country which is filled with aesthetically pleasing landmarks which have existed for thousands of years and are deemed historically significant. These include, but are not limited to the Parthenon, Acropolis of Athens, Panathenaic stadium, Mount Athos, Sounion (where the temple of Poseidon lays), Temple of Hephaestus and Theatre of Dionysus. These are just a few of the influential landmarks this authentic country possesses.
on in the Greek society, poor and rich students all went to school and all men
When discussing the Spartan economy it is essential that the structure of Spartan society is explained. This structure directly effects Spartan economic production and its primary agrarian focus. The social structure of ancient Sparta was made up of three classes of individuals, the Spartiates, the Perioikoi, and the Helots. The Spartiates were native Spartans, those who had ancestry back to the first inhabitants of the settlement. The Homoioi—peers and equals—were at the top of the social pyramid, they were citizens with full rights, Spartiates. It was strictly forbidden for the Spartiates to engage in any economic activity at any time, rather they were devoted to military service and training. Family life for a Spartiate was limited, a
With a coastline of over 202 000 km and over a fourth of the world’s freshwater resources, it is no wonder why Canada’s fishing industry is a huge part of its economy.1 Canada exports more than 75% of its fish to over 130 countries worldwide. Many of the 7 million people who reside on the coast depend on the ocean’s resources. In total, Canada’s entire fishing industry is worth around 5$ billion dollars a year, being one of the world’s most valuable. However, the coasts have not been treated by respect; overfishing, over consumption, and wasteful practices has deteriorated, not only the industry, but the ecosystems and fish populations. This is a huge global issue; the worldwide collapse of fisheries has been project for 2048. Slowly, as the trends continue, we will inevitably see many fish species start to disappear. In fact, the ill-treatment of species on the Canadian border has already devastated a large specie, the cod.
Before starting my research I thought there had been a progressive increase in the amount of land that had been clearcut. My reasoning for this was that logging machinery at the end of the 19th century was primitive compared to that of more recent times. As a result, it would have been difficult to compete with the output of today's industry. However, in the late 19th century there was a boom in the logging industry and thousands of acres of land across the nation were forested. Hist...
The cork-oak tree is the principal forest resource of Spain, and the annual production of cork, more than 110,000 metric tons in the mid-1980s, is second only to that of Portugal. The yield of Spain's forests is insufficient for the country's wood-pulp and timber needs.
"Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- MEP, Franziska Brantner.
On the 25th of March 1821, the Greeks’ fight for independence from the Turks began. After about 8 long years of numerous battles, Greece was able to gain their independence in 1829. Their independence would not have been achievable without the help of their allies, who were mainly the French, Russia, and Great Britain. The philhellenes, or Greece-loving people, in those countries would rally support for Greece, and their revolution was a success because of their support. Greece would not have been able to attain their independence if not for the help of the various influential philhellenes in Great Britain.
The country of Greece, also known as the Hellenic Republic, is called Hellas or Ellada by natives. This Mediterranean country in southeast Europe is approximately 50, 942 sq. miles and contains about 9,000 miles of coastline which includes the islands of the country. While the total number of islands is not concrete due to discrepancies over the qualifications to count each body of land surrounded by water as an island, the number of inhabited islands is 227. Greece has many interesting geographical features, such as its overall mountainous landscape which makes up 80% of the country, with its highest point, and possibly most famous geographical feature being Mount Olympus which reaches 9,570 ft. (2917 meters). The country of Greece ranges in absolute location with its northern-most occurring at N 41° 44' 33’’ and its southern-most point at N 34° 32' 33” on the island of Cyprus. The Cyprus also hold the most eastward point of the country at E 34° 38' 3” while its most western point is at E 20° 20' 30”. Greece is bordered by the countries of Albania, Macedonia, Bulgaria and Turkey. Likew...
Unless the current situation improves, stocks of all organisms that are currently fished for food are predicted to collapse drastically by 2048 (WWF 2.) Briggs emphasizes that over-fishing “has induced population collapses in many species. So instead of having less than a hundred species at risk, as was the case some 30-40 years ago, there are now a thousand or more
Since 2008 there has been an ongoing financial debt crisis that has affected the majority of the world states. However, the most disastrous economic decreases have been witnessed in the European continent. Therefore, this crisis is widely known as the European Sovereign Debt - Crisis. The aim of this document, however, is to analyze and discern possible policies focusing on providing a set of solutions that may help the Greek government in regards to their financial debt within the larger European crisis. As such the prime focus of the forthcoming analyses and policies will focus on the handling of the Greek government debt and recommended policies. Additionally, the paper will provide the summary of the economic crisis and the implications of the international community (mainly, the European Union and the International Monetary Fund).