Today we are discussing very important issues concerning the link between
             economics, security and stability. Here the main question is how
             security and stability can provide economic development and how economic
             development can promote peace and security in certain regions. Consideration
             of the link between these three factors can help decision-makers to take the
             necessary steps in order to provide co-operation and economic integration.
             The link between economics, security and stability becomes more crucial
             when applied to the region of the Azerbaijan. During recent years this
             region has become very important due to a number of factors. One of the main
             factors is the existence of considerable energy resources in the Caspian region
             that creates good opportunities for rapid economic development through the
             attraction of foreign investment. The other major factor is that this region has
             significant transit opportunities that could provide the necessary co-operative
             On the other hand, the difficulties of transition from command to the market
             economy and the consequences of existing military conflicts remain an impediment
             to economic development. Moreover, useless competition, rivalry and potential
             conflicts that derive from geopolitical interests in the region continue to threaten
             the possibilities of exploring substantial natural resources for the world economy.
             Thus, the region of the Southern Caucasus is both very attractive and complicated
             Azerbaijan, which is situated in the heart of the region of Caucasus and
             Central Asia, has experienced extremely difficult conditions in its early years
             of post-communist political and economic transition. Following the collapse of
             the Soviet Union, Azerbaijan inherited an ineffective command economy and
             broken productive, financial and trade links. As a result, the economy suffered
             from serious macroeconomic imbalances.
             A new leadership of Azerbaija...