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1.1 Central Asia Regional Economic Cooperation Designated Rail Corridor 2: Mediterranean-East Asia (CAREC Secretariat, cited by Asian Development Bank, 2016) 

1.1 Central Asia Regional Economic Cooperation Designated Rail Corridor 2: Mediterranean-East Asia (CAREC Secretariat, cited by Asian Development Bank, 2016) 

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Research
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This research report studies opportunities for Turkey and Armenia in view of emerging opportunities for regional economic integration. Armenia and Turkey are the main foci of our research; field trips have also been conducted in Azerbaijan, Georgia and Kazakhstan. In particular, our research focuses on economic corridors crisscrossing the region, s...

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Citations

... In order to align Middle Corridor with BRI, in 2015 Turkey and China signed a Memorandum of understanding which includes also transport and logistics cooperation as well as cooperation schemes, for instance, in people-to-people contacts (Inan and Yayloyan, 2018). ...
... From an EU perspective, this route has the advantage of promoting Chinese -EU trade as well as promoting EU's access to energy markets in Central Asia circumventing its dependency on Russia, primarily in energy. The EU has established good political relations with countries along the Middle Corridor, which are also home to hydrocarbon resources and/or are passageways for transport of such resources (Inan and Yayloyan, 2018). Also Kazakhstan prioritizes connection via the Middle corridor, because with this corridor they gain relative autonomy from Russian domination of its economy (Inan and Yayloyan, 2018). ...
... The EU has established good political relations with countries along the Middle Corridor, which are also home to hydrocarbon resources and/or are passageways for transport of such resources (Inan and Yayloyan, 2018). Also Kazakhstan prioritizes connection via the Middle corridor, because with this corridor they gain relative autonomy from Russian domination of its economy (Inan and Yayloyan, 2018). ...
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... Railway lines are growing fast and many cities are already connected with Central Asian and European trade partners. In addition, new seaports, airports, bridges and highways, oil and gas pipelines, electrical and fibre optic networks, as well as industrial parks are under construction along the route (Li & Schmerer, 2017;Inan & Yayloyan, 2018). In fact, the OBOR Action Plan in 2015 had two main components: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. ...
... In fact, the OBOR Action Plan in 2015 had two main components: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The "belt" is the Eurasian land route connecting China to Europe; the "road" is a maritime trade route connecting Chinese or Chinese invested ports with the African coast and European Mediterranean ports (Inan & Yayloyan, 2018). ...
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... The central goal of a logistic corridor is to enhance the flow and storage of goods, people, and related information. It includes improving logistics and all related technological, organizational and legal conditions to be achieved with the support of service providers and a facilitating institutional environment (Inan & Yayloyan, 2018). ...
... The objective of the Association is to harmonize transhipments across the Trans-Caspian corridor. To do so, several bilateral and multilateral cooperation schemes, are planned to be ratified to achieve effective tariff policy, easing barriers in customs and border crossings, therefore, reducing administrative costs (Inan & Yayloyan, 2018 ...
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Chapter
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This chapter discusses why local bazaar traders do not formalize their businesses according to official and Western standards. It describes the broader local economic field in the Caucasus and explains different aspects of Caucasian biznes (бизнec), providing an overview of activities subsumed under that rubric and suggesting parameters that help classify economic activities and forms of small entrepreneurshipentrepreneurship. These parameters include (a) the location where business is done (ranging from public pavements to bazaars, shopping malls, and private spaces); (b) personal background (e.g., age, gender, education, personal skills, and ethnic and religious affiliation); (c) social networksnetworks along which business is organized (which may originate in the criminal sphere, in local networks conceptualized as friendshipfriendship, brotherhoodbrotherhood, ethnic community and kinshipkinship, or in the interaction within business activities); (d) the mobilitymobility of traders, (e) the goods that are traded, and, finally, (f) the amounts of goods and capital, means of transportation, and the frequency of the activity. Ideology is another parameter that must be considered, embracing ideas, beliefs, and values. Ideology, parameter (g), is an integral part of the sociocultural setting, and, among other things, provides the framework within which economic activity is assessed. The author suggests considering three overlapping value systems, which together constitute a set of ideas. These value systems respectively relate to (1) value systemlocal society, culture, and cosmology, (2) Soviet ideologyideology, and (3) the neoliberal market economy. Which of these value systems is taken as the point of reference depends on the context, situation, and the actors involved. By giving detailed descriptions of all these parameters and their combinations, the author depicts the variety of the local businesses’ environment, or ecology. She defines the place of long-distance and bazaar tradebazaar trade within the local social hierarchy and socioeconomic context, which, again, results from a specific entanglement of the aforementioned parameters. She visualizes this entanglement by adapting Alexander von HumboldtAlexander von Humboldt’s Naturgemälde,Naturgemälde to reflect on the organic causalities between different factors composing an environment. These causalities create specific niches, which constitute the ecosystems of specific kinds of trade. Forms of trade and entrepreneurship linked to these niches can be viewed as sophisticated adaptations, which do not work in other niches or contexts. Normative definitions of entrepreneurshipentrepreneurship thus do not capture local realities, especially those of bazaar traders. This is also why these traders do not formalize and/or meet the expectations linked to the Western definition of entrepreneurship associated with innovation and the discovery and exploitation of opportunities, described as “one of the primary drivers of industrial dynamism, economic development, and growth” (Carlsson et al. in Small Business Economics 41:913–930, 2013). This chapter thus reviews a variety of themes related to the economic activity of the traders studied and of the Caucasus in general. Above all, it describes the position of bazaar and long-distance traderslong-distance traders within a broader local economic system.