This paper analyses the potential effects that the systemic developments stemming from the global financial crisis and the August war are likely to have in Georgia, within a context of hegemonic stability theoretical fundamentals. According to this perspective, both events have undermined the role of the US as the sole world hegemon. As a result, the Western strategic priorities toward the Caucasus are likely to shift, to the detriment of the special relationship between the Saakashvili administration and the US.
Giuli, M. (2009). Georgia and the Systemic Impact of the Financial Crisis. Caucasian Review of International Affairs, 3(3), 261-277.