Latest trends in development of Middle Power Policy in the context of Global Economic Crisis (case of South Caucasus and Central Asia)

Abstract

The article analyzes some new trends in development of the World’s Politics and Economics in rapidly changing global environment caused by the consequences of the 2019 Pandemic crisis and conflicts in Ukraine and Middle East, their impact on some regions, including the South Caucasus and Central Asia. Polarization of the whole system of international economic relations has sped up the search for updated models of global cooperation. In parallel with different risks, the global crisis has also opened a door for newly appeared opportunities, approaches and models of international activities. In this respect, the attempt is made to analyze the updated role and increased importance of the so called “Middle Power Countries” particularly “Middle Power Transit Countries” based on development of  intraregional economic projects, like “Middle Transport Corridor” binding strategically significant Western and Eastern marketplaces. A number of concluding recommendations have been made in the context of further academic and practical study of the abovementioned topic of the article.

Furthermore, the study emphasizes how Georgia and Kazakhstan serve as pivotal hubs within this emerging "Middle Transport Corridor," fostering deeper integration between European and Asian economies. Ultimately, it argues that these geopolitical shifts necessitate a collective strategic approach to ensure long-term stability and sustainable economic growth across the Eurasian landmass.