Models of market integration in Central Asia – comparative performance
AbstractThe 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17510.
Date of creation: Oct 2009
Date of revision:
Central Asia; regionalization; regionalism; decentralization;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-17 (All new papers)
- NEP-CWA-2009-10-17 (Central & Western Asia)
- NEP-TRA-2009-10-17 (Transition Economics)
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