Skip to main content

The Economic Knowledge and NATO’s Financial Visibility

An Erratum to this article was published on 15 February 2011


This article examines the financial performance of NATO as a peripheral international organization, in a rapidly changing security environment. It argues that while NATO has adopted a Strategic Concept that was so largely discussed in the past 2 years, it has to now clearly put to the test its civilian and military practicability. This article estimates that NATO has to examine the range of its activities via the spectrum of its budgetary financial allowance and future that is not yet explicitly portrayed nor established. Questionably, how can NATO practically enhance its financial performance, in a rapidly changing security environment? To identify the essential ingredients, we examined the NATO legal framework of the Treaty, the Strategic Concept of 1999, work towards the outcome of the November 2010, and established the motive for financial change as current and new security challenges are created and must be confronted. The paper indicates important financial issues, while at the same time proposes methods and tools that need to be considered in order to enhance its financial practicability countering existing and new challenges.

This is a preview of subscription content, access via your institution.


  1. Medvedev to attend the Lisbon Summit (October 19, 2010):

  2. In a recent speech of the SACEUR at the SAIS Johns Hopkins, Admiral Stavridis testified to the intensive role that the new NATO command Structure will have in NATOs future.


  1. Diplomacy, NATO Public (2010) Financial and economic data relating to NATO defence. NATO Public Diplomacy, NATO HQ Brusells

    Google Scholar 

  2. Report, NATO 12 member Committee (2010) NATO 2020 assured security, dynamic engagement. NATO Public Diplomacy, NATO HQ Brussels

    Google Scholar 

  3. NATO Public Diplomacy Division (2002) NATO-Russia relations: a new quality declaration by heads of state and government of NATO member states and the Russian federation. Council, NATO-Russia. NATO Public Diplomacy, Rome

    Google Scholar 

  4. NATO. NATO Official Treaty of 1949. NATO website. [Online] November 2, 1949. [Cited: 2010 2010, 2010.]

  5. Security Policy in an era of Budgetary Constraint. Rassmunsen, Secretary General of NATO Anders Fogh. Brussels Belgium: SDA Institute, 2010. International Security Defence Agenda. p. 5.

  6. Sharing the Burden of Collective Security in the European Union. Han Dorussen, Emil J Kirchner, James Sperling. 2009, International Organisation, pp. 789–810.

  7. Assembly, NATO Parliamentary. Resolution 377 on moving beyond the Global Economic Crisis. [Document] Edinburgh UK : NATO Parliamentary Assembly, 2009.

  8. Council A (2010) The NATO strategic concept: a SAG strawman stratcon 2010. Atlantic Council of the United States, Washington DC

    Google Scholar 

  9. Organisation, Collective Security Treaty. CSTO . Collective Security Treaty Organisation. [Online] October 7, 2002. [Cited: November 2, 2010.]

  10. The “anti-Hobbes”? Montesqieu’s contribution to international relations theory. Long, Katya. No.2, Brussels : In-Spire Journal of law, Politics and Societies, 2008, Vol no. 3.

Download references

Author information

Authors and Affiliations


Corresponding author

Correspondence to Marios Panagiotis Efthymiopoulos.

Additional information

An erratum to this article can be found at

Rights and permissions

Reprints and Permissions

About this article

Cite this article

Efthymiopoulos, M.P. The Economic Knowledge and NATO’s Financial Visibility. J Knowl Econ 2, 249–255 (2011).

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI:


  • NATO financial performance
  • Security challenges
  • Financial typology of security governance
  • Credibility
  • Financial assurance