Between Russia and China - Central Asia’s Transition Experience
AbstractThe differences in chosen transition paths as well as the resulting outcomes between Russia and China are well-documented. Similarly, the Central Asian republics have followed different transition paths despite similar initial conditions. Kazakhstan, the Kyrgyz Republic and Tajikistan opted for big bang reforms Russian-style while Uzbekistan chose a more gradual way in the Chinese style and Turkmenistan remained principally unreformed. However, the transition outcomes rather resemble the Russian experience. The positive picture of the Uzbek transition highly depended on its relatively modest decline in economic output and social indicators during transition. But with regard to the preservation of the pre-transition output level, Kazakhstan outpaced Uzbekistan in more recent years. With regard to other “stylized facts of transition”, the developments in the Central Asian republics even more clearly and consistently follow the Russian, not the Chinese, experience. Nevertheless, the slightly different transition experiences, especially between Kazakhstan and Uzbekistan, may be attributable to different institutional developments which are crucial for a smooth transition to a market economy. Uzbekistan avoided the high level of disorganization and disorder evolving in Kazakhstan and the Russian Federation after the demise of political dictatorship and the centrally planned economic system. In this respect, Uzbekistan comes closer to China which may be attributable to a firmer state and far lower rent-seeking opportunities in and around the resource-extracting industries. However, the less profound reform efforts prevented the reallocation of resources which is necessary to guard a successful transition to a market-based economy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies) in its series Working Papers with number 258.
Date of creation: Dec 2005
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekaterina Selezneva).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.