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Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which... Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which...
Calling Greece an emerging market economy completely fails to distinguish between the processes whereby countries turn into bad credits â which can happen to all countries â and the processes of rapid economic and financial catch-up, which is a characteristic specific to emerging markets, Dehn said.