The Geo-Economic and Geo-Energy Pillar of Power as a Geopolitical Decision Making Factor within the Dynamics of the Southeastern Europe Geopolitical Complex

Nikolaos Deniozos (deniozos@gmail.com), Charis Vlados, Dimos Chatzinikolaou and Agis-Georgios Digkas (agis.digkas@gmail.com)
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Nikolaos Deniozos: National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies
Agis-Georgios Digkas: National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies

No 10-2019, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The “geopolitical complex” of Southeastern Europe, as a sub-system of the Europe-Asia-Middle East system, highlights its geo-economic dimension since the discovery of hydrocarbons in this geographical area has become a major geopolitical factor, resulting to competitions, conflicts, and strategic alliances among different actors/players. In this context, the particular space and time play an essential role, since the decision-making process has become a vital determinant of the necessary geostrategic synthesis under conditions of uncertainty and risk. This article approaches the subject under consideration by applying quantitative decision-making methods under uncertainty and/or limited uncertainty (risk) conditions by actors/players of the region; it examines the choice of alternative strategies that highlight not only the maximization of the actors’ geopolitical benefits but also provides added value to already formed strategic alliances. It also attempts to answer the question of how the construction of an LNG terminal can generate multiple benefits from its location and operation by presenting a theoretical model.

Keywords: geopolitical complex; geoeconomics; hydrocarbons; strategic alliances; geostrategic decision making (search for similar items in EconPapers)
JEL-codes: D81 P16 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2019-06-18
New Economics Papers: this item is included in nep-ene
Note: Advances in Politics and Economic, 2(3), 186-211, 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2019_010

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