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Central Asia after Two Decades of Independence

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  • Richard Pomfret

    ()
    (School of Economics, University of Adelaide)

Abstract

After becoming independent in 1991, the five Central Asian countries pursued differing transition paths from the defunct central planning. This paper analyses the connection between economic policies and performance during the 1990s and 2000s. Performance over the two decades has been determined by resource endowments rather than by policy. International relations, which were predicted to centre on a new Great Game among external powers, have been more muted than anticipated, centring on geopolitics and pipelines, and with a consequence of hampering desirable economic cooperation within Central Asia. Prospects for significant change in the near future are limited because by the end of the 1990s the window of opportunity for policy initiatives had shut and entrenched political regimes had no incentive to sponsor major reforms.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2009-32.pdf
File Function: 2009
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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 2009-32.

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Length: 30 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:adl:wpaper:2009-32

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  1. Kym Anderson & Johan Swinnen, 2008. "Distortions to Agricultural Incentives in Europe's Transition Economies," World Bank Publications, The World Bank, number 6502, October.
  2. Peter Christoffersen & Peter Doyle, 2000. "From Inflation to Growth," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 421-451, July.
  3. Alexei Kireyev, 2006. "The Macroeconomics of Remittances," IMF Working Papers 06/2, International Monetary Fund.
  4. Richard Pomfret, 2000. "The Uzbek Model of Economic Development, 1991-91," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 733-748, November.
  5. Anderson, Kym & Martin, William J., 2007. "Distortions to Agricultural Incentives in Asia," Agricultural Distortions Working Paper 48557, World Bank.
  6. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper 48360, World Bank.
  7. Tarr David G., 1994. "The Terms-of-Trade Effects of Moving to World Prices on Countries of the Former Soviet Union," Journal of Comparative Economics, Elsevier, vol. 18(1), pages 1-24, February.
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Cited by:
  1. Inna Melnykovska & Hedwig Plamper & Rainer Schweickert, 2012. "Do Russia and China promote autocracy in Central Asia?," Asia Europe Journal, Springer, vol. 10(1), pages 75-89, May.

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