The Karabakh conflict is the most serious problem in the region. If it is settled peacefully, the South Caucasus has a great potential for economic, political and social development, said Alex Jackson, official of the International Council on Security and Development "Center of International Policy", editor-in-chief of the Caucasian Review of International Affairs.
He said if the conflict remains unsettled, the region will remain strained and split and it won't be able to use its potential fully as an economic and transit knot between Europe and Central Asia.
'Now the prospects of conflicts settlement in Nagorno Karabakh and Georgia do not seem especially encouraging. At the same time, some positive changes have occurred in the resolution of the Karabakh conflict and after the war of 2008 with Russia the situation in Georgia seems relatively stable.
Though peace in the world is a remote perspective, the chances for a new war in the South Caucasus are also not high'.
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