CHALLENGES AND PROSPECTS FOR REGIONAL DEVELOPMENT OF THE SOUTH CAUCASUS

Abstract

The essay identifies the primary trends in the political-economic structure and geographic distribution of the South Caucasus regional dynamics. The essay will examine the types of barriers that the South Caucasus's regional integration and growth must overcome. What are the potential avenues of prevention that could impact the South Caucasus region's political formation? A reciprocal agreement framework conditioned the geopolitical situation during the Cold War. The global order has altered as a result of recent events, putting several nations in jeopardy of losing their sovereignty. The South Caucasus has been split into two geopolitical vectors since the turn of the 20th century: the Republic of Armenia has moved closer to the Russian Federation, while Georgia and the Republic of Azerbaijan have moved closer to the West. The way things are now indicates how the political landscape has changed. Official visit of President Putin to Baku on August 18, 2024. During the meeting, President Aliyev noted that the stability and security of the South Caucasus region largely depends on the close relationship between the Russian Federation and the Republic of Azerbaijan. The principles of politics were carried out throughout the bipolar period via conflict along with the ally. In order to ensure the regional development of the South Caucasus, the implementation of political-economic ideas through the integration of the regional space becomes essential, as the geographical location of the South Caucasus corresponds to the geopolitical fiction: whoever controls logistics defines the supply chain; whoever defines the supply chain dominates international trade.

Key Words: Regional integration; South Caucasus; The European Union; Politial vector;