Is it really different? Patterns of regionalization in the post-Soviet Central Asia
AbstractWhile the regional economic integration in the former Soviet Union turns out to be highly inefficient, there appears to be a stronger interest to the regionalism in smaller groups of more homogenous and geographically connected countries of the region, specifically, Central Asia. This paper attempts to understand whether the preconditions for the regional integration in Central Asia are indeed better than in the CIS in general. Using a new dataset of the System of Indicators of Eurasian Integration of the Eurasian Development Bank, it finds that although the economic links between the Central Asian countries are more pronounced than between that of the CIS in several key areas, this advantage has been disappearing fast over the last decade. In addition, the trend of economic integration of Central Asia seems to strongly correlate with that of the CIS in general, while Russia persists as the dominant gravitation pole for all of Central Asia. Currently Central Asia should be treated as a sub-region of the post-Soviet world rather than a definite integration region. On the other hand, however, we find that Kazakhstan emerges as a new center for regional integration, which can bear some potential for regionalism in Central Asia.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 21062.
Date of creation: Feb 2010
Date of revision:
regionalization; economic integration; post-Soviet space; Central Asia;
Other versions of this item:
- Libman, Alexander & Vinokurov, Evgeny, 2010. "Is it really different? Patterns of regionalisation in the post-Soviet Central Asia," Frankfurt School - Working Paper Series 155, Frankfurt School of Finance and Management.
- F15 - International Economics - - Trade - - - Economic Integration
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-13 (All new papers)
- NEP-CIS-2010-03-13 (Confederation of Independent States)
- NEP-TRA-2010-03-13 (Transition Economics)
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