Dari tahun 1941 hingga 1944, Yunani diduduki oleh Blok Poros dan perlawanan terhadap pendudukan mengakibatkan kehancuran infrastruktur dan ekonomi (yang diperparah oleh pinjaman yang diminta secara paksa oleh rezim pendudukan yang mengakibatkan devaluasi drachma Yunani). Selain itu, setelah berakhirnya Perang Dunia II, perang saudara meletus hingga tahun 1949. Akibatnya, pada tahun 1950, ekonomi Yunani mengalami kemunduran. Menurut ekonom Angus Maddison, pendapatan per kapita berdasarkan daya beli turun dari 62% pendapatan per kapita Prancis pada tahun 1938 menjadi 40% pada tahun 1949.[1]
Pertumbuhan ekonomi
Pemulihan ekonomi Yunani setelah perang difasilitasi oleh sejumlah kebijakan. Selain memperoleh bantuan dari Rencana Marshall, pemerintah juga melancarkan kebijakan devaluasi drachma, penarikan investasi asing, pembangunan industri kimia, pengembangan sektor pariwisata dan jasa, serta pembangunan infrastruktur besar-besaran.[18][19]
Laju pertumbuhan ekonomi Yunani pada tahun 1950-an merupakan yang tertinggi dan sering kali melebihi 10%. Produksi industri juga mengalami pertumbuhan sebesar 10% setiap tahunnya selama beberapa tahun, terutama pada tahun 1960-an. Namun, pertumbuhan ekonomi memperlebar jurang antara yang kaya dan yang miskin, sehingga memicu perpecahan politik.[18]
^Graham T. Allison; Kalypso Nicolaïdis (January 1997). The Greek Paradox: Promise Vs. Performance. MIT Press. hlm. 43. ISBN978-0-262-51092-9. phase of 1960 to 1973 (the period hailed by many as the "Greek economic miracle"), gross domestic product grew at an average annual rate of 7.7 percent, but exports of goods and services grew at the much higher average rate of 12.6
^Richard C. Frucht (2004). Eastern Europe: an introduction to the people, lands, and culture. Vol. 2. ABC-CLIO. hlm. 877. ISBN978-1-57607-800-6. ... called Greek economic miracle. During these years, Greece's GDP grew at the fastest rate in Western Europe, averaging almost 8 percent annually. Meanwhile, industrial production grew at an average annual rate of 10 percent,ex- ceeded ...
^Stathis Kalyvas (3 April 2015). Modern Greece: What Everyone Needs to KnowRG. Oxford University Press. hlm. 88. ISBN978-0-19-997346-0. The efficiency with which the Greek nuclear family could pursue gain,” concludes McNeill, “by combination of hard work, shrewd exploitation of market opportunities, and rigorous saving for the future, lay behind the Greek economic miracle.
^Constantine Arvanitopoulos; Konstantina E. Botsiou (19 May 2010). The Constantinos Karamanlis Institute for Democracy Yearbook 2010. Springer Science & Business Media. hlm. 110. ISBN978-3-642-12374-0. The flats-for-land exchange programme changed the architecture in urban centres, and towards the end of the so-called Greek economic 'miracle' in the mid '70s, agriculture accounted for 18% of GDP, while industry accounted for about 30%.
^David H. Close (25 September 2014). Greece Since 1945: Politics, Economy and Society. Routledge. hlm. 56. ISBN978-1-317-88001-1. 'Origins of the “Greek economic miracle”: the Truman Doctrine and Marshall Plan development and stabilisation programs', in Eugene Rossides (ed.), The Truman Doctrine for Aid to Greece. A Fiftieth Anniversary ...
^Dimitris Keridis (1 July 2009). Historical Dictionary of Modern Greece. Scarecrow Press. hlm. 57. ISBN978-0-8108-6312-5. What followed, however, has been described as the Greek “economic miracle.” Through the stewardship of Prime Minister Konstantinos Karamanlis and of other Greek politicians, such as Georgios Kartalis and Spyros Markezinis, foreign aid ...
^Greek-American Review. 51-52. Hellenic Heritage. 1999. hlm. 20. He writes on the origins of the "Greek Economic Miracle" and provides the longest and one of the most important papers.
^ abJoanna Bens, Nikolaos Karagiannis, Abdelaziz Testas. EU Regional and Industrial Policies. In "Europe in Crisis: Problems, Challenges, and Alternative Perspectives", Palgrave Macmillan (2015) p. 174
^Elaine Thomopoulos, "The History of Greece", ABC-CLIO (2011) p. 152