Investment-led economic recovery in post-conflict regions: evidence from Garabagh and Eastern Zangezur

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Summary

This article examines the role of investment in economic recovery and sustainable development in post-conflict regions, using Garabagh and Eastern Zangezur as a case study. The main objective of the research is to assess the impact of post-conflict public policies, institutional reforms, and investment promotion mechanisms on regional economic revitalization. The article first outlines the region’s pre-conflict demographic and economic characteristics and then systematically analyzes the main pillars of the recovery strategy implemented since 2020. The study is based on a descriptive-analytical approach and draws on a comparative analysis of official statistics and documents, institutional decisions, and selected academic sources.

The analysis indicates that infrastructure projects, the development of transport and logistics corridors, the establishment of industrial parks, the introduction of modern technologies in agriculture, and renewable energy initiatives all play a significant role in shaping the regional investment environment. At the same time, demining, institutional coordination, and social reintegration emerge as essential preconditions for restoring economic activity. Fiscal incentives and investment support measures introduced by the government have accelerated the inflow of both domestic and foreign capital into the region.

Overall, the development model pursued in Garabagh and Eastern Zangezur demonstrates that, in post-conflict settings, a comprehensive and coordinated investment policy can promote not only economic growth but also social stability and long-term sustainable development. The findings suggest that public investment plays a catalytic role during the post-conflict phase by reducing initial risks, building core infrastructure, and improving entry conditions for private capital.