Socio-Political Factors of the Caspian Region's Economic Development

Abstract

Using the example of the Caspian states, the contribution of socio-political factors to regional economic development was studied. The problems of labor migration and its impact on the vectors of socio-economic interaction of the “Caspian five” (Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan) are considered. The sociocultural connectivity of the Caspian region is assessed as one of the components of its integration potential. The role and importance of the Caspian region for Russia is shown in the context of its confrontation with modern geopolitical challenges and unprecedented sanctions pressure.