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Hellenic Defence Industrial Base in the Era of Economic Crisis

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  • Michail Ploumis

    (University of Peloponnese, Greece)

Abstract

The Hellenic Defence Industrial Base (HDIB) is at a crossroads because of the reduced military spending and the absence of coherent policies for its further development. Neighbouring countries, such as Israel and Turkey, possess robust defence industrial bases that serve both their respective armed forces and their national economies. This paper argues that the HDIB should be considered an integral part of the Greek national defence framework. Consequently, the ownership structure and management of major defence industrial enterprises should be reformed within the European framework. A small but viable HDIB requires technology and skilled manpower. Greek institutions of higher education should support this effort.

Suggested Citation

  • Michail Ploumis, 2017. "Hellenic Defence Industrial Base in the Era of Economic Crisis," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 15(2), pages 103-125.
    • Handle: RePEc:seb:journl:v:15:y:2017:i:2:p:103-125
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    References listed on IDEAS

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    Cited by:

    1. Dimitrios Doulos & Odysseus Katsaitis & George A. Zombanakis, 2021. "How to Make Butter out of Guns: The Turkish Case and the Greek Bitter Lesson," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 1055-1072.
    2. Michail Ploumis, 2018. "A New Way Forward: Rebalancing the U.S. Security Cooperation with Greece in a Fast Changing Geostrategic Environment," Applied Finance and Accounting, Redfame publishing, vol. 4(1), pages 95-111, February.

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    More about this item

    Keywords

    Defence industry; Defence R&D; Dual Use technology; Military spending; Procurement;
    All these keywords.

    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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