Geo-Economics of the Republic of Azerbaijan and Its Economic Security

摘要

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.