Crisis or drift? The problems of the defense economy in Hungary

Abstract

The author is discussing the economic issues of defense and security in this article. He focuses on demand and supply issues for security and defence and developed suggestions to create a balance between them. It shows that while the demand side of defence and security has radically changed after NATO and EU membership, the supply side remained in the old way. Although the strategy of defence economics has changed in Hungary, the legislation to express these changes has not been completed, and even the traditional sources of supply were not regenerated. The author argues that “intellectual defence disarmament” is reflected not only in loosing of the real defence economic sector, or lacking the necessary resources, but it is also featured in the elimination of defense economics education and research units. Total turnaround is required in the defence economics. The editorial board of the journal with publishing of this article intends to open a debate about defence economics issues.