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This paper aims to explore the perceptions of domestic and foreign entrepreneurs (businesspeople and/or managers) operating in Greece towards the spatial diffusion of FDI effects caused by the privatization programme implemented by the Greek government after an economic crisis. In particular, it investigates whether attracting foreign direct investors through the ongoing privatization programme could be a policy tool for the country's recovery from the prolonged 2008 global economic crisis. To that end, it presents the results of a multinomial logistic regression model based on survey data from a significant sample of domestic and foreign investors in Greece. The key finding of this study suggests that the positive effects of FDI on the recovery of Greece from the economic crisis are more likely to benefit the country's economy as a whole than only the local economy in which the FDI is located. This finding is stronger for entrepreneurs who are (moderately) optimistic about the role of the privatization programme in attracting the interest of foreign investors than others. Overall, there is evidence that FDI attraction policies can help all Greek regions to recover from an economic crisis. [ABSTRACT FROM AUTHOR]

This paper sheds light on the debate on regional resilience to crisis in Greece, a country long suffering from insufficient planning mechanisms and recently hit by a severe economic crisis. In the paper, we discuss the spatialities of employment flexibilization vis-à-vis the devaluation of regional productive structures between 2005 and 2016. The paper critically builds on previous accounts of regional resilience, but also seeks to develop the concept through engaging in: (i) how different employment patterns, namely part-time work, present a powerful adaptive mechanism that is related to path-dependent regional production profiles; and (ii) why regions with less favourable pre-crisis production structures and anaemic growth seem to have been less affected by recession and may witness a faster recovery in its aftermath. The paper adopts a multi-layered methodology, using a variety of measures, offering an empirically grounded theorization of contemporary labour market changes within the Southern EU. The results indicate some key reasons for radically reformulating established regulatory and planning practices in order to promote a pattern of resilience that is more friendly to good and well-paid jobs. A prerequisite for the latter is the promotion of territorially cohesive strategies that reduce regional disparities and harness 'unregulated flexibilization'. [ABSTRACT FROM AUTHOR]

In recent years, economic resilience has become a popular term in both theory and policy practice. This interest was triggered by the fact that some regional economies were extremely vulnerable, while others have managed to overcome, more or less effectively, the worse consequences of the current economic crisis. Within this context, questions arise regarding the role that policies at both the national and subnational levels can play in shaping regional economic resilience. Although high in the academic and political agenda, understanding the policy and governance aspects of resilience still remains a relatively underdeveloped area. The paper contributes to this debate focusing on an area which has been most severely hit by crises, the Region of West Macedonia, in Greece. The case study builds on the historical trajectory of the region in order to explain how different types of policies have influenced the ability of West Macedonia to respond to economic slumps and crises of the last 30 years. Evidence suggests that national protectionist policies largely explain not only resilience of the region against previous crises, but also its vulnerability towards the still ongoing economic crisis. [ABSTRACT FROM AUTHOR]