In this context, there is a need for another wave of technological breakthrough in developing short-duration drought-resistant high yielding seeds not only for cereals but also pulses and oilseeds. Given the fragmented land holding pattern in the country, it is also important to develop appropriate technology for small farm size.
As the Bank of Greece has repeatedly stressed, this new growth model must be based on a shift: •  from production of non-tradables to production of tradables;  •  from consumption to savings and investment. Admittedly, while the old growth model was discredited suddenly and violently, the new model has yet to emerge clearly into sight.