Importance of Economic Corridors as Driver of Regional Integration: South Caucasus and Central Asian Context
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 09
Abstract
Developing and integrating regions is facilitated by economic corridors, which are strategically arranged infrastructure systems that include roads, railroads, ports, and pipelines. The importance of economic corridors in fostering regional integration across the South Caucasus and Central Asia is investigated in this paper. These corridors promote cooperation and growth among adjacent nations by lowering trade barriers, increasing trade volumes, and fostering economic development. Regional integration along these axes is said to be mostly driven by investments in infrastructure. In sum, economic corridors in the South Caucasus and Central Asia stand out as crucial drivers of regional solidarity, economic growth, and prosperity.
Authors and Affiliations
Tusi Alkaramov
Keywords
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- EP ID EP727555
- DOI 10.47191/jefms/v6-i9-56
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