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Central Asia after Two Decades of Independence

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  • Richard Pomfret

    () (School of Economics, University of Adelaide)

Abstract

After becoming independent in 1991, the five Central Asian countries pursued differing transition paths from the defunct central planning. This paper analyses the connection between economic policies and performance during the 1990s and 2000s. Performance over the two decades has been determined by resource endowments rather than by policy. International relations, which were predicted to centre on a new Great Game among external powers, have been more muted than anticipated, centring on geopolitics and pipelines, and with a consequence of hampering desirable economic cooperation within Central Asia. Prospects for significant change in the near future are limited because by the end of the 1990s the window of opportunity for policy initiatives had shut and entrenched political regimes had no incentive to sponsor major reforms.

Suggested Citation

  • Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.
  • Handle: RePEc:adl:wpaper:2009-32
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    File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2009-32.pdf
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    References listed on IDEAS

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    1. Kym Anderson & Johan Swinnen, 2008. "Distortions to Agricultural Incentives in Europe's Transition Economies," World Bank Publications, The World Bank, number 6502.
    2. Peter Christoffersen & Peter Doyle, 2000. "From Inflation to Growth," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 421-451, July.
    3. Kym Anderson & Will Martin, 2009. "Distortions to Agricultural Incentives in Asia," World Bank Publications, The World Bank, number 2611.
    4. Richard Pomfret, 2000. "The Uzbek Model of Economic Development, 1991-91," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 733-748, November.
    5. Alexei P Kireyev, 2006. "The Macroeconomics of Remittances; The Case of Tajikistan," IMF Working Papers 06/2, International Monetary Fund.
    6. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper 48360, World Bank.
    7. repec:wsi:wschap:9789813108448_0012 is not listed on IDEAS
    8. David G. Tarr, 2017. "The Terms-of-Trade Effects of Moving to World Prices on Countries of the Former Soviet Union," World Scientific Book Chapters,in: Trade Policies for Development and Transition, chapter 12, pages 271-294 World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Julien Vercueil, 2015. "De la Russie à la Chine ? Le basculement énergétique de l'Asie centrale," Mondes en développement, De Boeck Université, vol. 0(1), pages 47-60.
    2. Bobokhonov, Abdulmajid & Pokrivcak, Jan & Rajcaniova, Miroslava, 2016. "The Impact of Agricultural and Trade Policies on Price Transmission in Central Asia," 2016 Fifth AIEAA Congress, June 16-17, 2016, Bologna, Italy 242306, Italian Association of Agricultural and Applied Economics (AIEAA).
    3. Julien Vercueil, 2012. "Panorama économique de l'espace eurasiatique," Post-Print halshs-01420847, HAL.
    4. Inna Melnykovska & Hedwig Plamper & Rainer Schweickert, 2012. "Do Russia and China promote autocracy in Central Asia?," Asia Europe Journal, Springer, vol. 10(1), pages 75-89, May.
    5. repec:taf:ceasxx:v:65:y:2013:i:4:p:682-716 is not listed on IDEAS
    6. Mazhikeyev, Arman & Edwards, T. Huw & Rizov, Marian, 2015. "Openness and isolation: The trade performance of the former Soviet Central Asian countries," International Business Review, Elsevier, vol. 24(6), pages 935-947.
    7. Kobil Ruziev & Peter Midmore, 2015. "Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan," Journal of Development Studies, Taylor & Francis Journals, vol. 51(5), pages 586-602, May.

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