IJEBMR
ISSN: 2456-7760

Title:
THE IMPORTANT ROLE OF SILK ROAD INITIATIVES FOR GEORGIAN ECONOMY

Authors:
Iza Gigauri, Georgia

Abstract:
Belt and Road Forum took place in Georgia, drawing hundreds of delegates from around the world. Georgia's geographic location at a strategic crossroads between two continents - Europe and Asia, has often fueled conflict throughout history, but also trade and wealth. The exploratory research was conducted to clarify the situation about the Silk Road project, and its potential for Georgia. The article presents a brief overview of current situation of the Silk Road, as well as Georgia's role as a transport corridor and regional hub. Besides, the article aims at laying the foundation of further research. This paper aims to elaborate on various Silk Road initiatives, their feasibility, their interactions with one other, and on their possible influences on Georgia, as it is Europe's natural gateway to Asia. Advanced technology, industrial and infrastructural upgrades are crucial to facilitate sustainable growth in the region. It is essential to study economic influence of the Silk Road initiatives on the region, and particularly, upon Georgia. Some researchers have already begun to analyze the potential impact of the New Silk Road on trade and stability in Eurasia and the rest of the world, but the studies are still very scarce.

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