Perhaps one reason why Greece doesn’t export more is that Greece doesn’t have all that much to export. Its productive sector is relatively small and the mindset is not to be ‘obsessed with exports’. Also, there is little efficient government support of exports. The import lobby is much stronger than any export lobby that may also exist. And then it’s the know-how: exporting olive oil in bulk to Italy at low prices so that Italy can make the upgrades and market the oil throughout the world my be the easier way for Greece but it means keeping low margins in Greece and leaving the larger margins for value-added to others.
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Perhaps one reason why Greece doesn’t export more is that Greece doesn’t have all that much to export. Its productive sector is relatively small and the mindset is not to be ‘obsessed with exports’. Also, there is little efficient government support of exports. The import lobby is much stronger than any export lobby that may also exist. And then it’s the know-how: exporting olive oil in bulk to Italy at low prices so that Italy can make the upgrades and market the oil throughout the world my be the easier way for Greece but it means keeping low margins in Greece and leaving the larger margins for value-added to others.