Geopolital and Geo-Economic Importance of the Middle Corridor: A Chompreshive Overview
https://doi.org/10.47703/ejebs.v2i67.295
Abstract
The aim of the paper is to investigate the changing importance of the Middle Corridor in geopolitical and geo-economic contexts using analytical and case study methodology. The conflict in Ukraine has disrupted the traditional trade route between Asia and Europe via Russia, leading to the emergence of alternative transport options such as the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor (MC). This study examines the evolving importance of the Middle Corridor in the geopolitical and geo-economic context and highlights its potential as an alternative trade route for China-Europe trade. However, the corridor currently operates at only 10% of the capacity of the Northern Corridor, and significant efforts are needed to increase its capacity and ensure its efficient use. Successful corridor initiatives depend on effective management, trade facilitation and cross-border cooperation to overcome geographical disparities. As a result, the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor (MC), is emerging as a promising alternative for the foreseeable future. Overall, the growing importance of the Middle Corridor and other Asian economic corridors is changing regional trade and transport dynamics, requiring comprehensive management, trade facilitation and infrastructure development.
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For citations:
Vasa L., Barkanyi P. Geopolital and Geo-Economic Importance of the Middle Corridor: A Chompreshive Overview. Eurasian Journal of Economic and Business Studies. 2023;67(2):20–32. https://doi.org/10.47703/ejebs.v2i67.295
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