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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 and Public Policy Working Papers 2009-32, University of Adelaide, School of Economics and Public Policy.
    • Handle: RePEc:adl:wpaper:2009-32
    as

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    File URL: https://media.adelaide.edu.au/economics/papers/doc/wp2009-32.pdf
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    References listed on IDEAS

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    Cited by:

    1. Schweickert, Rainer & Melnykovska, Inna & Plamper, Hedwig, 2012. "External drivers of institutional change in Central Asia: Regional integration schemes and the role of Russia and China," Kiel Working Papers 1763, Kiel Institute for the World Economy (IfW Kiel).

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