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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.

Suggested Citation

  • Richard Pomfret, 2000. "Regional Trade Arrangements and Economies in Transition: The Central Asian Countries," School of Economics and Public Policy Working Papers 2000-09, University of Adelaide, School of Economics and Public Policy.
    • Handle: RePEc:adl:wpaper:2000-09
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    File URL: https://media.adelaide.edu.au/economics/papers/doc/wp2000-09.pdf
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    References listed on IDEAS

    as
    1. Richard Pomfret, 1996. "Asean: Always at the crossroads?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 1(3), pages 365-390.
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    3. Pomfret, Richard, 2001. "The Economics of Regional Trading Arrangements," OUP Catalogue, Oxford University Press, number 9780199248872.
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    6. Mr. Oleh Havrylyshyn & Mr. Hassan Al-Atrash, 1998. "Opening Up and Geographic Diversification of Trade in Transition Economies," IMF Working Papers 1998/022, International Monetary Fund.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    trade agreements; post-Soviet economies; Central Asia;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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