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Hellenic Defence Industrial Base in the Era of Economic Crisis

Michail Ploumis
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Michail Ploumis: University of Peloponnese, Greece

South-Eastern Europe Journal of Economics, 2017, vol. 15, issue 2, 103-125

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.

Keywords: Defence industry; Defence R&D; Dual Use technology; Military spending; Procurement (search for similar items in EconPapers)
JEL-codes: F52 H56 H57 O14 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:seb:journl:v:15:y:2017:i:2:p:103-125