TITLE:
Geo-Economics of the Republic of Azerbaijan and Its Economic Security
AUTHORS:
Shabnam Dadparvar, Saeed Azizi
KEYWORDS:
Geopolitics, Geo-Economics, Economic Security, Caucasus, The Republic of Azerbaijan
JOURNAL NAME:
Open Journal of Political Science,
Vol.12 No.1,
January
10,
2022
ABSTRACT: Owing to its geopolitical position in the Caucasus region as well as its
oil and gas resources, The Republic of Azerbaijan plays an important
geoeconomic role in the energy transit to Europe. Therefore, this study aims to
identify the most important geo-economic factors affecting the economic security
indicators of the Republic of Azerbaijan from 2015 to 2018 and their impact on
economic security indicators such as economic growth, inflation, and foreign
direct investment in the Republic of Azerbaijan. For this purpose, a
descriptive-analytical method with relevant statistics and data is used to
explain Azerbaijan’s economic situation. The hypothesis assumed in this study
is that the energy resources and transit role of the Republic of Azerbaijan,
regarding the geopolitical position of this country in the Caucasus region, are
the most important components affecting the economic security indicators of the
Republic of Azerbaijan. Also, some other factors, including the strategies
implemented by leaders and political decision-makers, play a considerable role
in this regard. Overall, the main objective of this study is to emphasize the
geoeconomic components as sustainable factors in determining the economic
advantages of this country.