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Models of market integration in Central Asia – comparative performance

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  • Libman, Alexander
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    Abstract

    The paper considers the problem of the integration of markets in Central Asia as a main factor of economic modernization. It first identifies the potential channels of reduction of transaction costs barriers between countries (“models of integration”). Second, it looks at the emergence of these channels, and identifies two main puzzles: success of centralization in individual countries vs. failing international cooperation among them and successful informal cooperation of companies and trade networks vs. deficits of intergovernmental concerted actions. Third, it looks at the impact of the relative success of emerging models of market integration for the balance of power in Central Asia.

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    File URL: http://mpra.ub.uni-muenchen.de/17510/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17510.

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    Date of creation: Oct 2009
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    Handle: RePEc:pra:mprapa:17510

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    Keywords: Central Asia; regionalization; regionalism; decentralization;

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    1. Martin C. McGuire & Mancur Olson Jr., 1996. "The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 72-96, March.
    2. Taylor, Mark Zachary, 2007. "Political decentralization and technological innovation: testing the innovative advantages of decentralized states," MPRA Paper 10996, University Library of Munich, Germany.
    3. Brosig, Stephan & Yahshilikov, Yorbol, 2005. "Interregional integration of wheat markets in Kazakhstan," IAMO Discussion Papers 88, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
    4. Litwack, John M., 2002. "Central Control of Regional Budgets: Theory with Applications to Russia," Journal of Comparative Economics, Elsevier, vol. 30(1), pages 51-75, March.
    5. Libman, Alexander & Ushkalova, Daria, 2009. "Post-Soviet countries in global and regional institutional competition: The case of Kazakhstan," MPRA Paper 12595, University Library of Munich, Germany.
    6. Mansfield, Edward D. & Milner, Helen V. & Rosendorff, B. Peter, 2002. "Why Democracies Cooperate More: Electoral Control and International Trade Agreements," International Organization, Cambridge University Press, vol. 56(03), pages 477-513, June.
    7. Friedman, David, 1977. "A Theory of the Size and Shape of Nations," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 59-77, February.
    8. Saodat Olimova & Sobir Kurbonov & Grigory Petrov & Zebo Kahhorova, 2006. "Regional Cooperation in Central Asia : A View from Tajikistan," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 48(9), pages 6-86, January.
    9. Libman, Alexander, 2007. "Big business and quality of institutions in the post-Soviet space: Spatial aspects," Discourses in Social Market Economy 2007-07, OrdnungsPolitisches Portal (OPO).
    10. Reyerson, Kathryn, 2006. "Institutions and the Path to the Modern Economy: Lessons from Medieval Trade. By Avner Greif. Cambridge: Cambridge University Press, 2006. Pp. xix, 503. $34.99, paper," The Journal of Economic History, Cambridge University Press, vol. 66(04), pages 1080-1081, December.
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    Cited by:
    1. Libman, Alexander, 2010. "Internal centralization and international integration in the post-Soviet space," MPRA Paper 21882, University Library of Munich, Germany.

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