South Caucasus reportSouth Caucasus 2008-2013, Analytical Report

Over the past few years the South Caucasian states had to cope with diverse challenges. While Armenia felt the worst of the global financial crisis, Azerbaijan not only absorbed the economic shock unscathed, but also heavily invested abroad. Georgia, still bleeding after losing two takeaway regions, has seen the government change. And all three found themselves in the middle of colliding interests of regional and world powers. In this context, the report analyses the latest economic and political developments in the region to properly evaluate how far and toward what direction each country of the South Caucasus have gone and will likely go in the near future.

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