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Industrial Development in the South Caucasus - A Comparative Perspective
[journal article]
Abstract Against the background of amplified industrial policy initiatives, the paper reviews the development of industries in the Southern Caucasus from a comparative perspective. The analysis is organized based on four objectives in industrial policy: increasing economic performance, expanding exports, str... view more
Against the background of amplified industrial policy initiatives, the paper reviews the development of industries in the Southern Caucasus from a comparative perspective. The analysis is organized based on four objectives in industrial policy: increasing economic performance, expanding exports, strengthening economic resilience and creating jobs. The paper explores Armenia's export-oriented development model, which lacks translation into relevant domestic value capture and job creation, Azerbaijan's failed liberation from oil-based industries and Georgia's decreased industrial development. Nevertheless, Georgia shows comparatively high domestic value capture and positive employment effects.... view less
Classification
Economic Policy
Political Economy
Free Keywords
Industrial Development; South Caucasus; Armenia; Azerbaijan; Georgia
Document language
English
Publication Year
2019
Page/Pages
p. 21-31
Journal
Caucasus Analytical Digest (2019) 110
DOI
https://doi.org/10.3929/ethz-b-000346798
ISSN
1867-9323
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0