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Regional Trade Arrangements and Economies in Transition: The Central Asian Countries

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  • Richard Pomfret

    ()
    (School of Economics, University of Adelaide)

Abstract

When it dissolved in 1991, the members of the Council for Mutual Economic Assistance (CMEA) contained half a billion people (Table 1) - more than either the European Union or NAFTA today - and these countries were largely insulated from the market-driven international economy. This paper analyses the progress of the reintegration of the formerly centrally planned economies into the global trading system, focusing on the relationship between multilateral processes and regional integration schemes, and taking the Central Asian countries as a case study. Almost all the countries in transition from central planning have accepted the WTO rulebased system in principle, and the potential danger of regionalism proving more attractive than multilateralism has not eventuated.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2000-09.pdf
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Bibliographic Info

Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2000-09.

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Length: 30 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:adl:wpaper:2000-09

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Postal: Adelaide SA 5005
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/
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Keywords: trade agreements; post-Soviet economies; Central Asia;

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  1. Pomfret, Richard, 2001. "The Economics of Regional Trading Arrangements," OUP Catalogue, Oxford University Press, number 9780199248872.
  2. Pincus, J J, 1975. "Pressure Groups and the Pattern of Tariffs," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 757-78, August.
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