During the 2010s, Azerbaijan's economy boomed on the back of oil and gas revenue, much of which was funneled into military buildup, shifting the balance of military power significantly in Azerbaijan's favor compared to Armenia.
factualpending
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Jeff ManovEvidence Quote
“During the 2010s, Azarbaijan's economy booms on the back of its oil and gas. A lot of that money gets funneled into building up the military and so the balance of power between Yeravan and Baku shifts and by the mid2010s Azarbaian is in a much stronger position militarily.”
Source
Armenia, Azerbaijan, and Geopolitics in the South Caucasus— Center for Strategic & International StudiesCreated: 8/11/2026, 5:26:17 AM
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