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

Advances in Politics and Economic, 2(3), 186-211, 2019

26 Pages Posted: 18 Jul 2019

See all articles by Nikolaos Deniozos

Nikolaos Deniozos

University of Greece - Department of Turkish Studies and Modern Asian Studies National and Kapodistrian

Charis Vlados

Democritus University of Thrace, Department of Economics

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Agis Digkas

National and Kapodistrian University of Athens

Date Written: June 18, 2019

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

Suggested Citation

Deniozos, Nikolaos and Vlados, Charis and Chatzinikolaou, Dimos and Digkas, Agis, The Geo-Economic and Geo-Energy Pillar of Power as a Geopolitical Decision Making Factor within the Dynamics of the Southeastern Europe Geopolitical Complex (June 18, 2019). Advances in Politics and Economic, 2(3), 186-211, 2019, Available at SSRN: https://ssrn.com/abstract=3408806

Nikolaos Deniozos

University of Greece - Department of Turkish Studies and Modern Asian Studies National and Kapodistrian ( email )

Greece

Charis Vlados (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Agis Digkas

National and Kapodistrian University of Athens ( email )

5 Stadiou Strt
Athens, 12131
Greece

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