8. Identifying Smart Growth Policies for Economic Diversification and Sustainable and Inclusive Growth in the Greek Economy

A country’s productive structure determines its future path of economic diversification, economic growth, and sustainable and inclusive growth. The Greek economy relies significantly on the production of a few economic sectors and, as a result, is vulnerable to external or internal economic shocks. This chapter defines Greece’s structural constraints and opportunities for economic diversification and sustainable and inclusive growth. For this purpose, the analysis describes the production model of the Greek economy and its vulnerabilities. Those vulnerabilities generate the need for its change to a more diversified economy based on sustainable and inclusive growth. Then smart growth policies for the future of the Greek economy are presented based on a Quintuple Helix model, which recognizes the importance of collaboration and cooperation between government, industry, civil society, the environment, and the knowledge and innovation system.