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However, almost from the start, the model never functioned according to the political goals, i.e. an economically viable sector with secure and stable employment.
The sector is found to have moved some way towards a full sectoral innovation and production system, but it is impossible to predict whether a viable sector with a strong "triple bottom line" orientation will ultimate emerge, since many issues surrounding the social, environmental and financial sustainability still remain unresolved, especially relating to local and global governance.
Economist and venture capitalist Aristos Doxiadis does, on balance, think that tech can be a viable sector in the new Greek economy, but he says that he doesn't "see a huge number of jobs being created," at least in the short term.
Meanwhile, the workforce is scrambling to apply once in-demand skills to any viable sector of the economy where those skills no longer apply.
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There is now a recognition of the particularly acute need for investment at the very earliest stages of innovation, which can then provide the foundation for the rapid emergence and scale-up of entire new commercially viable sectors.
Leftist agricultural unions in continental Europe recognise the central importance of protectionist measures in ensuring the EU has a viable farming sector.
In principle, a viable manufacturing sector should allow Britain to benefit from breakthroughs in science and technology, driving higher productivity growth.
Ignorant of the extensive "deindustrialisation" debate in 1960's Great Britain, two Berkeley academics, Stephen Cohen and John Zysman, started a similar debate in the US in 1987 with their book Manufacturing Matters, which claimed that, without manufactures, a viable service sector is untenable.
One of the other principal aims of the study is to answer the question as to why the North, has, for the last two and half decades, failed to develop a viable tourism sector despite the existing resources.
In the most optimistic scenario, an open, viable financial sector will create a large body of people with economic stakes in their society who will demand decent public services, which in turn should help to promote growth.Plenty of obstacles remain.
He argues that there likely will be a viable pastoral sector, but that it will be very different from today.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com