This paper will explore China’s integration in the port of Piraeus and aims to answer the question whether it is a curse or blessing for the development of the port of Piraeus and in a broader sense for Greece. The paper will attempt to achieve this by analyzing the two different views and linking them with current debates and prevailing theories in development.
The case study of the port of Piraeus can be linked to numerous current development debates and provides an ideal base for examination of a much broader phenomenon: the new global order with an emerging China and a struggling Europe. Is China taking advantage of the economic crisis in Greece? If so, does it matter?
There are two different views concerning China’s integration in the port of Piraeus: Whilst the port unions accuse the Chinese of bringing third world labor standards to Europe, others state that China’s investments create an economic opportunity for a country in crisis.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Global Integration or Penetration?
- Labor Standards
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper explores the integration of China into the Greek economy through a case study of the Port of Piraeus, examining the Chinese investment and its impact on the port's development and the broader Greek economy. The paper analyzes the different perspectives on this integration, particularly the concerns of labor unions and the potential advantages for Greece.
- China's economic rise and its impact on foreign direct investment (FDI) in Europe
- The role of the Port of Piraeus as a strategic location for Chinese investments
- The controversial nature of Chinese involvement in the port and the concerns of labor unions
- The potential benefits and challenges of Chinese integration into the Greek economy
- The broader implications of China's growing global influence
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: The paper introduces the Port of Piraeus as a vital hub for the Greek economy and its significance in the context of China's growing economic influence in Europe. It highlights the economic challenges facing Greece and the potential opportunities presented by Chinese investments.
- Global Integration or Penetration?: This chapter examines the broader context of China's economic expansion, particularly its strategy of moving up the global value chain and investing in overseas markets. It analyzes the implications of Chinese investments in the Port of Piraeus and the potential benefits and drawbacks for Greece.
- Labor Standards: This chapter focuses on the labor union concerns regarding the Chinese involvement in the Port of Piraeus. It discusses the accusations of lower safety measures, exploitation of workers, and the potential impact on labor standards in Greece. It also explores the contrasting labor practices on the Chinese and Greek sides of the port.
Schlüsselwörter (Keywords)
This paper focuses on the keywords: Chinese FDI, Port of Piraeus, Greece's economic crisis, labor standards, global integration, Sino-orientalism, economic development, global value chain, COSCO.
- Arbeit zitieren
- Luca Kaiser (Autor:in), 2012, China’s Integration into the Greek Economy. A Case Study of the Port of Piraeus, München, GRIN Verlag, https://www.grin.com/document/304542
