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Central Asia: Mapping Future Prospects

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  • John Malcolm Dowling

    (School of Economics and Social Sciences, Singapore Management University)

  • Ganeshan Wignaraja

    (Asian Development Bank)

Abstract

Central Asia has emerged as one of the world’s fastest growing regions since the late 1990s and has shown notable development potential. This is significant for a region comprising largely of small landlocked economies with no access to the sea for trade. Among the advantages, of the region are its high- priced commodities (oil, gas, cotton and gold), reasonable infrastructure and human capital as legacies of Soviet rule; and a strategic location between Asia and Europe. Furthermore, many Central Asian Republics (CARs) have embarked on market-oriented economic reforms to boost economic performance and private sector competitiveness. Central Asia: Mapping Future Prospects considers the region’s economic prospects to 2015. It charts recent economic performance, highlighting the economic revival. It also synthesizes recent forecasts and constructs scenarios for future economic variables against a constant global background. Projections include, among others, gross domestic product (GDP), manufactured exports per head, GDP per capita and poverty. A special theme chapter develops a manufacturing competitiveness index to compare the CARs with other transition economies and explores the impact of economic reform and supply-side factors (e.g. foreign investment and human capital) on industrial performance

Suggested Citation

  • John Malcolm Dowling & Ganeshan Wignaraja, 2005. "Central Asia: Mapping Future Prospects," Working Papers 05-2006, Singapore Management University, School of Economics, revised Feb 2006.
    • Handle: RePEc:siu:wpaper:05-2006
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    File URL: https://mercury.smu.edu.sg/rsrchpubupload/6062/Central_Asia_Mapping.pdf
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    References listed on IDEAS

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    Cited by:

    1. Pradeep Agrawal & Seema Sangita, 2017. "Trade Potential between India and Central Asia," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(4), pages 418-448, November.
    2. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia’s Transition After Fifteen Years : Growth and Policy Choices," Macroeconomics Working Papers 22416, East Asian Bureau of Economic Research.
    3. Raj Yadav, 2016. "Economic Transformation in Central Asia: A Journey of Twenty-five Years," International Studies, , vol. 53(3-4), pages 286-304, July.

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    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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