The economics of the Nagorny Karabakh conflict
Phil Champain (2005)
Azerbaijan’s oil might be both a benefit and a curse, but if the oil money can be kept within the formal economy and directed towards strengthening the non-oil sector then it may become more a motivator for peace than for war. Phil Champain surveys the economic dimensions of the Karabakh conflict, discussing the economic leverage each side can bring to bear in the ongoing diplomatic struggle and reviewing the conflict-related problems posed by the rise of corruption-fuelling unregulated cross-border trade networks. Local legitimate business networks can help transform this, especially if they are able to partner with peacebuilding organizations and adopt regional approaches that provide opportunities for Azerbaijani, Karabakh and Armenian business people to meet.
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