These study group notes are a compilation of the presentations and discussions of the 9th RSSC SG workshop, held from 20-22 March 2014, in Istanbul, aimed at discussing the concept of security as seen from the demilitarization or disarmament point of view, juxtaposed against the South Caucasus countries’ socio-economic policies. In short, this workshop aimed at discussing not the balance of power between the actors, but the balance of spending between guns and butter. The events in Ukraine had a stark warning for the South Caucasus; failure to address pressing socioeconomic issues could haunt the regimes in place.