Publication

20 Mar 2016

The three articles in this issue of the CAD focus on Foreign Direct Investment (FDI) in the South Caucasus region. The first article analyzes FDI in Armenia and concludes that it has yet to yield tangible results in the country, largely because of external factors. The second piece then agrees that there are few opportunities for international investment in Azerbaijan, primarily because of the government's clientelist approach to business. In the case of the last article, the author believes that FDI has not enabled Georgia to reach its full economic and employment potential. Inadequate institution building and the absence of a predictable and stable domestic business environment are two reasons why.

Download English (PDF, 28 pages, 678 KB)
Author Hasmik Hovhanesian, Heghine Manasyan, Hannes Meissner, Johannes Leitner, Irina Guruli
Series Caucasus Analytical Digest (CAD)
Issue 82
Publisher Center for Security Studies (CSS)
Copyright © 2016 Center for Security Studies (CSS), Heinrich Böll Foundation, Resource Security Institute (RSI), Research Centre for East European Studies (FSOE)
JavaScript has been disabled in your browser