Peace in the South Caucasus will improve the region's economies in different ways. How much they will benefit depends on the strength of their supply response to demand in opening markets. The poor business environment and incomplete industrial restructuring act as constraints on export performance

Georgia is the only country in the CAC region that can access markets around the world through its own seaports and thus less dependent on China's BRI overland corridors for trade, investment and growth. Nevertheless, the Georgian government is investing in the one BRI corridor China, Europe...

The Belt and Road Initiative could increase the connectivity and the accessibility of destinations along the Ancient Silk Road. The success of a Silk Road tourism route, which passes between many countries within Asia and Europe, depends greatly on cross-border cooperation between neighboring...