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Examines the relationship between engineers and economic development in a less developed southern European country, Greece, where the post‐war construction boom promoted the importance of the engineer. However, by the early 1980s, as a result of the decline in building activity, economic crises, and a lack of investment in technology, the fortunes of engineers reversed significantly. Data for the late 1970s and the late 1980s document this increase, then a decline, pointing to the dire consequences associated with not investing in technology and not making proper use of highly skilled human resources. Also shows that the national System of Innovation is deficient in Greece, thereby contributing to the underdeveloped conditions of technology.

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