IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i3p294-299.html
   My bibliography  Save this article

Commonwealth of Independent States Transformation: Moving from Stagnation to Semi-Periphery

Author

Listed:
  • Ikhtiyor Rasulov

    (Department of Global Diaspora Studies, Chonnam National University)

  • Jin-I Ha

    (Department of Global Diaspora Studies, Chonnam National University)

  • Aidana Zhumagulova

    (Department of Global Diaspora Studies, Chonnam National University)

  • Nindya Dhaneswara

    (Department of Global Diaspora Studies, Chonnam National University)

Abstract

This study examines the post-Soviet states, emphasizing the divergent developments in the Baltic states and the Commonwealth of Independent States (CIS), with a specific focus on Uzbekistan. It highlights the central role of regional cooperation and integration as key drivers of economic growth. The success of the Baltic states is attributed to strong regional cooperation, consistent economic policies, and cultural similarities, while CIS members struggle with challenges related to political instability and security risks. The study challenges the conventional assumption that full market liberalization is the sole catalyst for economic growth and emphasizes the significance of active state involvement in promoting regional integration. The findings suggest the need for a nuanced approach to managing political instability, promoting regional cooperation, and balancing market liberalization and state control to enhance economic performance. Recent developments in Uzbekistan, including the eradication of black markets, bolstering regional connections, and attracting more foreign investment, indicate the potential for substantial economic growth.

Suggested Citation

  • Ikhtiyor Rasulov & Jin-I Ha & Aidana Zhumagulova & Nindya Dhaneswara, 2024. "Commonwealth of Independent States Transformation: Moving from Stagnation to Semi-Periphery," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 294-299, March.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:3:p:294-299
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-3/294-299.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/journals/ijriss/articles/commonwealth-of-independent-states-transformation-moving-from-stagnation-to-semi-periphery/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marek Dabrowski, 2020. "Transition to a market economy: A retrospective comparison of China with countries of the former Soviet block," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 70(s), pages 15-45, September.
    2. Tiiu Paas & Helen Poltimäe, 2010. "A Comparative Analysis Of National Innovation Performance: The Baltic States In The Eu Context," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 78, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    3. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Olivier Blanchard & Michael Kremer, 1997. "Disorganization," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1091-1126.
    2. Lamo, Ana & Messina, Julián & Wasmer, Etienne, 2011. "Are specific skills an obstacle to labor market adjustment?," Labour Economics, Elsevier, vol. 18(2), pages 240-256, April.
    3. Mihály Borsi & Norbert Metiu, 2015. "The evolution of economic convergence in the European Union," Empirical Economics, Springer, vol. 48(2), pages 657-681, March.
    4. Askarov, Zohid & Doucouliagos, Hristos, 2015. "Spatial aid spillovers during transition," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 79-95.
    5. Joanna TYROWICZ & Piotr W�JCIK, 2009. "Some Remarks On The Effects Of Active Labour Market Policies In Post-Transition," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    6. Estrin, Saul & Mickiewicz, Tomasz, 2010. "Entrepreneurship in Transition Economies: The Role of Institutions and Generational Change," IZA Discussion Papers 4805, Institute of Labor Economics (IZA).
    7. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    8. Kryeziu Liridon & Coşkun Recai, 2018. "Political and Economic Institutions and Economic Performance: Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 84-99, December.
    9. Crivelli, Ernesto, 2013. "Fiscal impact of privatization revisited: The role of tax revenues in transition economies," Economic Systems, Elsevier, vol. 37(2), pages 217-232.
    10. Georgellis, Yannis & Lange, Thomas, 2009. "Are Union Members Happy Workers after All? Evidence from Eastern and Western European Labor Markets," MPRA Paper 17020, University Library of Munich, Germany.
    11. Klapper, Leora & Sarria-Allende, Virginia & Sulla, Victor, 2002. "Small and medium size enterprise financing in Eastern Europe," Policy Research Working Paper Series 2933, The World Bank.
    12. Svejnar, Jan, 2007. "China in Light of the Performance of Central and East European Economies," CEPR Discussion Papers 6320, C.E.P.R. Discussion Papers.
    13. Facchini, Giovanni & Segnana, Maria Luigia, 2003. "Growth at the EU periphery: the next enlargement," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 827-862.
    14. Larimo, Jorma & Arslan, Ahmad, 2013. "Determinants of foreign direct investment ownership mode choice: Evidence from Nordic investments in Central and Eastern Europe," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 18(2), pages 232-263.
    15. Boudreaux, Christopher, 2019. "Do private enterprises outperform state enterprises in an emerging market? The importance of institutional context in entrepreneurship," MPRA Paper 93039, University Library of Munich, Germany.
    16. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
    17. Tatiana DANESCU & Maria-Alexandra POPA, 2020. "The Inter-conditioning between Corporate Governance and Financial Performance," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 18(159), pages 578-578.
    18. Ramadani, Veland & Hisrich, Robert D. & Abazi-Alili, Hyrije & Dana, Léo-Paul & Panthi, Laxman & Abazi-Bexheti, Lejla, 2019. "Product innovation and firm performance in transition economies: A multi-stage estimation approach," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 271-280.
    19. Klara Sabirianova Peter & Jan Svejnar & Katherine Terrell, 2012. "Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?," The Review of Economics and Statistics, MIT Press, vol. 94(4), pages 981-999, November.
    20. Sharon Eicher, 2004. "Is Kazakhstan a Market Economy Yet? Getting Warmer ...," Development and Comp Systems 0403008, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:3:p:294-299. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.