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Azerbaijan's Strategic Role in the Middle Corridor: Taking the spotlight in the globalized world and boosting Non-Oil Sectors via transit operations

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  • Rafi, Dilara

Abstract

The Middle Corridor, a critical trade route connecting Europe and Asia, has gained importance after geopolitical challenges on the alternative routes, the Northern and Southern Corridors. Azerbaijan plays a strategic role in the Middle Corridor, investing in transport infrastructure and fostering regional cooperation. This paper examines Azerbaijan's efforts to enhance its position as a key global transit hub to strengthen its logistical capabilities, contributing to non-oil sector growth and economic diversification. Through regional partnerships, infrastructure projects, and improved multimodal transport systems, the country aims for capitalizing on its strategic location, further integrating into global trade networks. The paper concludes with recommendations for enhancing Azerbaijan's transit potential, emphasizing the need for digital innovations, regulatory reforms, and increased collaboration with corridor countries and global partners.

Suggested Citation

  • Rafi, Dilara, 2024. "Azerbaijan's Strategic Role in the Middle Corridor: Taking the spotlight in the globalized world and boosting Non-Oil Sectors via transit operations," MPRA Paper 122499, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122499
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    File URL: https://mpra.ub.uni-muenchen.de/122499/1/MPRA_paper_122499.pdf
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    References listed on IDEAS

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    1. Babayev, Bahruz & Ismailzade, Fariz, 2020. "Azerbaijan’s Contribution to the Chinese Belt & Road Initiative," MPRA Paper 100415, University Library of Munich, Germany.
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      Keywords

      Middle Corridor; multimodal transport; non-oil sector; economic diversification;
      All these keywords.

      JEL classification:

      • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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