The Caucasus and its neighborhood: A region where economics and security collide

The article examines the current position of the South Caucasus, a region with a crucial role in driving global economic growth, innovation, and investment not only to the West, but also to Asia, particularly the dynamic economies of China and Korea. The author analyzes the three South Caucasus countries based on their political situations, their economies, and their role in shaping the future of region. Further, the author argues that complacency is not an option for the South Caucasus, where festering conflicts - notably between Azerbaijan and Armenia, and Georgia and Russia - are not simply matters of local concern; their escalations would have global consequences, not least because of the region’s increasing geostrategic importance and its key role as an energy producer, with critical supply lines to the West.

Authors: Fen Osler Hampson