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This paper is an attempt to assess the effects of the integration of the global economy, on a unique country, Greece. While some countries were clearly affected in a positive or a negative way by globalization, Greece appears to have experienced both gains and losses in this economic integration path. Greek businesses have taken advantage of the opening of the borders and made a massive incursion in the neighboring Balkan countries, expanding their markets fivefold or more. Shipping, the flagship industry of the country, has taken advantage of the huge relocation of manufacturing to South-East Asia , transporting raw materials and finished goods into the region and away from it. Tourism picked up steam also, capitalizing on the gains realized by the Athens Olympic Games in 2004. While some of the Greek industries were beneficiaries of the globalized economy, some others have been on a steady decline path. Manufacturing and agriculture have been diminishing , for several years, as a percentage of the country’s GDP. The onset of the global economic crisis, in 2008, alarmed the economists in Greece and abroad, seeking to determine the root causes of the crisis and the extent of the expected repercussions. While during the normal economic cycles therehave been some winners and losers from globalization, at this time of disruption, it is hard to tell if there will be any winners at all, who they will be and what needs to be done to be one of them