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Central Asia : Mapping Future Prospects

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  • Malcolm Dowling

    (SMU)

  • Ganeshan Wignaraja

Abstract

Central Asia has emerged as one of the worlds fastest growing regions since the late 1990s and has shown notable development potential. This is significant for a region comprising largely of small landlocked economies with no access to the sea for trade. Among the advantages, of the region are its high- priced commodities (oil, gas, cotton and gold), reasonable infrastructure and human capital as legacies of Soviet rule; and a strategic location between Asia and Europe. Furthermore, many Central Asian Republics (CARs) have embarked on market-oriented economic reforms to boost economic performance and private sector competitiveness. Central Asia : Mapping Future Prospects considers the regions economic prospects to 2015. It charts recent economic performance, highlighting the economic revival. It also synthesizes recent forecasts and constructs scenarios for future economic variables against a constant global background. Projections include, among others, gross domestic product (GDP), manufactured exports per head, GDP per capita and poverty. A special theme chapter develops a manufacturing competitiveness index to compare the CARs with other transition economies and explores the impact of economic reform and supply-side factors (e.g. foreign investment and human capital) on industrial performance

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Bibliographic Info

Paper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 22415.

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Date of creation: Jan 2006
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Handle: RePEc:eab:macroe:22415

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Related research

Keywords: central Asia; future economic variables; gross domestic product; manufactured exports per head; GDP per capita; poverty; manufacturing competitiveness index;

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References

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  1. Richard Pomfret, 2009. "Regional integration in Central Asia," Economic Change and Restructuring, Springer, Springer, vol. 42(1), pages 47-68, May.
  2. Asian Development Bank & World Bank & Japan Bank for International Cooperation, 2005. "Connecting East Asia : A New Framework for Infrastructure," World Bank Publications, The World Bank, The World Bank, number 7267, February.
  3. Lev Freinkman & Evgeny Polyakov & Carolina Revenco, 2004. "Trade Performance and Regional Integration of the CIS Countries," World Bank Publications, The World Bank, The World Bank, number 14933, February.
  4. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, The World Bank, number 14042, February.
  5. Cheng Fang & Bruce A. Babcock, 2003. "China's Cotton Policy and the Impact of China's WTO Accession and Bt Cotton Adoption on the Chinese and U.S. Cotton Sectors," Center for Agricultural and Rural Development (CARD) Publications, Center for Agricultural and Rural Development (CARD) at Iowa State University 03-wp322, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  6. Elena Loukoianova & Anna Unigovskaya, 2004. "Analysis of Recent Growth in Low-Income Cis Countries," IMF Working Papers, International Monetary Fund 04/151, International Monetary Fund.
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Cited by:
  1. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia’s Transition After Fifteen Years : Growth and Policy Choices," Macroeconomics Working Papers, East Asian Bureau of Economic Research 22416, East Asian Bureau of Economic Research.

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