Revisiting the Importance of the Organization of the Black Sea Economic Cooperation (BSEC) in a Changing Regional and International Geopolitical

Authors : Hasan Altın

Pages : 14-32

View : 74 | Download : 44

Publication Date : 2024-07-03

Article Type : Research Paper

Abstract :The Black Sea region, situated at the crossroads of Europe and Asia, has historical significance dating back centuries. However, it was during the dissolution of the USSR and the discovery of significant reserves of hydrocarbons in the Caspian Sea area regained international attention. This transformation has been continued by a complex interplay of international and regional events, including the Azerbaijan-Armenia and Russia-Ukraine conflicts. Conversely, the Black Sea\'s geopolitical significance for trade, logistics, and other purposes has been bolstered through international initiatives like the Global Gateway Project (GGP) and Belt and Road Initiative (BRI), and regional projects such as Development Road (DR) and Zangezur Corridor having a potential to transform the Black Sea into a central hub for global trade and logistics. In this context, the Russia-Ukraine war, which commenced in 2022, has elevated the strategic significance of the Black Sea. This conflict has led to an internationally worrying process for the flow of energy and food supply. The Black Sea Economic Cooperation (BSEC) organization, founded in 1992, demonstrates a distinctive and favorable model of multilateral political and economic collaboration, covering a vast geographical area and encompassing diverse member states. Despite criticisms regarding its efficiency, the BSEC\'s achievements in fostering economic cooperation among its member states are noteworthy. This article employs a descriptive methodology informed by geopolitical analysis, to comprehend the intricate dynamics of the Black Sea region. The article re-evaluates the importance of BSEC, as a regional organization.
Keywords : Karadeniz bölgesi, Bölgesel örgütler, Jeopolitik, Karadeniz Ekonomik İşbirliği Örgütü KEİ, Küresel Geçit Projesi, Kuşak ve Yol Projesi, Kalkınma Yolu, Zangezur Koridoru, Rusya Ukrayna çatışması, NATO

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