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Open Lecture: The Political Economy of the Global Bauxite-Aluminium Industry: A Case Study of Greece
Open Lecture: The Political Economy of the Global Bauxite-Aluminium Industry: A Case Study of Greece
11.09.2014 19.00 h
The Ithacan Philanthropic Society - Melbourne


Presenter: Dr Nick Dallas, PhD ChemistryB.A., B.Com Unimelb
Entry: Free


Aluminium more than any other metal, was seen as the ‘wonder metal’ of the 20th century. It embodied modernization and its consumption grew exponentially as this versatile metal with unique properties found its way in all sorts of uses. Greek political parties of all persuasions were in agreement that Greece had to exploit its vast bauxite deposits.

The expectation was that a fully developed aluminium industry would spearhead the creation of an industrial base that would spur opportunities and kick-start developments and value-add activities in other sectors of the economy. This diversification would also raise Greece’s standard of living and reduce its reliance on agriculture.

In 1960 the Karamanlis government signed a contract with the French firm Pechiney to build an integrated aluminium complex. In such cases, the foreign firm has a disproportionate advantage at the negotiating table. It has the global linkages, the technological know-how, provides most of the capital and has access to export markets. Pechiney was able to extract scandalous below-cost electricity prices and thus put Greece on the map as an aluminium producer. This issue caused tremendous political friction in the 1960s. This presentation will look at the trials and tribulations of this quest and provide a historical overview of the industry.


Nick Dallas has a multi-discipline background which spans chemistry, political science and economics. His numerous academic interests include economic history, globalization and climate science. Presently he is the national sales manager for vocational education at McGraw-Hill Australia, a global education publisher. As a member of the Greek of Melbourne’s Board of Management, he takes an active interest in the Community’s education initiatives.


This lecture is sponsored by the Board of Management & Staff of the Greek Community of Melbourne. We would also like to take this opportunity to thank Nick Dallas for his tireless efforts and endeavours in organising the Cultural Seminars which so many participants have embraced.

Such initiatives assist us in providing these lectures free to the public. If you would like to participate as a sponsor from as little as $100 please send us an email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


The Ithacan Philanthropic Society   -   Website
Level 2, 329 Elizabeth Street
Country: au

In October 1916, the Ithacan migrants of Melbourne established the ITHACAN PHILANTHROPIC SOCIETY "The Ulysses", with an inaugural membership of some 153 members. This was in response to pleas for aid from their loved ones in Ithaca who were suffering deprivation during the First World War.

Over the years, however, the Society has been much more than just a philanthropic institution. It has been a constant in the lives of the early Ithacan migrants replacing the homeland which they had left.

The Society takes an active role in the cultural, social, educational and quality of life interests of the Ithacan Community. The Society, as part of its philanthropic role, also makes many monetary contributions to worthy causes, including those outside the immediate Ithacan community. The Society celebrated its 90th Anniversary in 2006.

Alphington Grammar Koinotika Nea - the Greek Community newsletter Requirements for Greek Citizenship