tag:blogger.com,1999:blog-5882645467378797266.post5199879156946110776..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: 1st Hellenic Innovation Forum - October 7-8, 2013 in Athenskleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5882645467378797266.post-10133247415139083652013-10-06T02:41:50.440+02:002013-10-06T02:41:50.440+02:00It's been a while since I read (parts from) th...It's been a while since I read (parts from) the McKinsey report, but from what I remember it mainly dealt with economic sectors that relied on internal demand (energy, health).<br /><br />I don't have anything against such plans (although the report's suggestions relied heavily on dubious liberalizations) but there's one small problem: the ECB is doing it's best to cause problems to the Greek banking system by restricting the monetary base. This renders the McKinsey report ineffective.<br /><br />Germany and the ECB are doing everything they can to crush domestic demand throughout the Eurozone. It's what Germany knows best, so it sticks to it. The problem is this is a different world to the one of the 00's. I for one hope that the USA don't raise the public-debt limit. This will obliterate Germany and it's dreadful economic model.Jim Sliphttps://www.blogger.com/profile/15325962115410722474noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-78368144933781625072013-10-05T13:26:17.973+02:002013-10-05T13:26:17.973+02:00I think you have inadvertently misquoted the diffe...I think you have inadvertently misquoted the difference between Greece and Sweden. The latter spends 3% of GDP on <b>private </b>R&D, Greece spends 0.2% of GDP on <b>private</b> R&D and 0.5% in total. From the OECD, CIA and Trading Economics sites it looks like about 60% of the R&D spend in Greece comes from the government, whereas for Sweden its more like 10-15%. This is as worrisome as the overall difference. <br /><br />Not that there is anything wrong with gov't R&D spend, the primary technologies on which the iPhone & iPad are based originate from government funded Research. <br /><br />Top 5 R&D spenders are Israel, Japan, Sweden, Finland and South Korea, US is #6. I believe the 3% target originates from the OECD. The OECD has Chile at the bottom of its R&D spend ladder - must be below Greece then? No - it looks like there's not enough data to give Greece a ranking.<br /><br />Here's the <a href="http://www.oecd-ilibrary.org/sites/factbook-2013-en/08/01/01/gerd_g1.html?contentType=&itemId=/content/chapter/factbook-2013-60-en&containerItemId=/content/serial/18147364&accessItemIds=&mimeType=text/html" rel="nofollow">OECD league table</a> <br /><br />CKCanutely Kinghttps://www.blogger.com/profile/07318977471631386327noreply@blogger.com