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Foreign Trade of Central Asian Independent States: What is the main trend- Globalization and Regionalization or Re-integration?

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  • Islamov, Bakhtior

Abstract

Assessing the most recent data on the foreign trade of the Central Asian states and evaluation its main trends after their independence, the author argues that despite of lack of solid framework the tendency for globalization and regionalization hash been stronger compared to restoration of traditional ties. Elimination of existing institutional, infrastructural and other impediments, as well as proper multilateral regional initiatives could serve for further increase of trade within the region and beyond it both with neighboring countries and the rest of the world. Diversification and optimal combination of different directions of trade tailored according to specific circumstances of each country will serve the best for its development needs.

Suggested Citation

  • Islamov, Bakhtior, 1999. "Foreign Trade of Central Asian Independent States: What is the main trend- Globalization and Regionalization or Re-integration?," Discussion Paper Series a377, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a377
    Note: Bibliography: p. 26-27
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