What primary economic vulnerability characterized Greece's early post-war industrial development model?
Answer and explanation
Correct answer: D. Overreliance on construction and imported capital goods
- Step 1: From the 1950s onward, Greek urban growth centered heavily on the antiparochi construction boom and light manufacturing. This left the economy vulnerable due to a chronic lack of domestic heavy industry and perpetual dependency on imported machinery and fuels. Answer: Overreliance on construction and imported capital goods. Why not the others: "Monopoly in global electronics" is historically baseless; Greece never developed a dominant microelectronics export sector; "Surplus in heavy coal mining" Greek coal is predominantly low-grade lignite used domestically, never a major export surplus; "Total self-sufficiency in gas" falsely claims energy independence in a nation that historically imports virtually all oil and gas.
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