Comparative Advantages of the Central Caucasian Countries: Potential, Realized, and Missed Opportunities
The Caucasus & Globalization, Vol. 1, No. 1, 2006
10 Pages Posted: 3 Dec 2012
Date Written: 2006
This article analyzes the comparative advantages of the Central Caucasian states. Keeping in mind the geopolitical and geo-economic factors influencing the states of the region, it identifies the comparative advantages of its countries in terms of potential, realized, and missed opportunities. It focuses particular attention on the development of the Central Caucasus’ transportation and communication networks. The comparative advantages of the region’s states can only be optimally realized if the territorial conflicts, which are having a negative effect on the development of these countries, are settled.
Keywords: Central Caucasus, comparative advantages, geo-economic factors, transportation, development policy
JEL Classification: Q48, R41, R58
Suggested Citation: Suggested Citation