In 1974, three families with incomes equal to the national average of their countries - one in Athens, the second in Dublin, and the third in Lisbon - each had a child. The three children grew up, studied, entered the job market, and started their own families. Today, they are middle-aged and in good health, still living in the cities where they were born, with incomes that align with the national average of their countries. However, although all three enjoy a higher standard of living than their parents, their living standards differ significantly. The Irish person lives 3 to 4 times better than their parents did in '74, and the Portuguese person lives 2 to 3 times better than their parents. The Greek person's standard of living, however, is only 1.2 times higher than that of their parents half a century ago. Why has Greece lagged behind Ireland and Portugal, also countries on the European periphery, for so long? What did they do better than us? And what useful lessons can we learn from their experience? This book - which is also the first comparative study of Greece with other countries over the long period since the Regime Change - provides answers to these three questions
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