THE BSEC: ITS REGIONAL INTEGRATION PROSPECTS FOR ARMENIA
Abstract
Today the Black Sea Region must make a choice between developing internal integration in close relation with other structures and preserving the tension on its borders. The BSEC provides a good opportunity for further promoting mutually advantageous economic cooperation. The organization is primarily valuable in that it gives a boost to the development of production, rather than commerce. Today, along with Greece, Russia and Turkey are playing the main organizational roles, striving to develop the BSEC as a structure equal in status to the EU.
Armenia has also been interested in implementing Black Sea integration programs, especially the building of the Black Sea Ring Highway (HWBSR). Making use of regional potential will promote a leap in economic development similar to the one Europe once made, although the world economic crisis may have a certain slowing impact on this process.
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References
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