Caspian Region Integration Initiatives: Trends and Prospects
Nowadays, along with the fast-developing processes of globalization there is an active dissemination of the regionalization process, which allows the nation-states to reach a higher level of cooperation and, in most cases, leads to the creation of supranational organizations. Although the level of integrity and interdependence in particular interstate regional organizations considerably differs from one part of the word to another, nevertheless, each state is aware of the need to achieve a higher level of economic and, in some cases, political integration. The basic tendency marked above can be fully applicable to characterize the current trends, which, to some extent, are fixed in the dialogue between the countries of Caspian Five. It becomes more and more obvious that the Caspian states feel the need for improving multilateral economic relations, so as strengthening security, cultural and environmental cooperation. Therefore, the article is devoted to identifying promising political and economic initiatives that could form the basis for future regional integration.