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Central Asia’s Transition After Fifteen Years : Growth and Policy Choices

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  • Malcolm Dowling

    (SMU)

  • Ganeshan Wignaraja

Abstract

This paper presents a coherent and systematic analysis of the collapse and subsequent revival of the Central Asian Republics (CARs) since 1990. The focus is on the pattern of growth and structural change during the cycle of decline and subsequent revival in the CARs which have been inadequately analyzed in the literature on transition. The paper relates economic performance to initial conditions, country characteristics and policies. Within this framework, it proposes a simple typology of policies (including a new Type III set of policies on regional cooperation and industrial competitiveness) and relates them to the cycle of decline and revival in the CARs. It goes on to examine medium-term prospects and policy needs for the CARs.

Suggested Citation

  • 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.
    • Handle: RePEc:eab:macroe:22416
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    Cited by:

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    2. Kedar Mehta & Mathias Ehrenwirth & Christoph Trinkl & Wilfried Zörner & Rick Greenough, 2021. "The Energy Situation in Central Asia: A Comprehensive Energy Review Focusing on Rural Areas," Energies, MDPI, vol. 14(10), pages 1-27, May.
    3. Arman Mazhikeyev & T. Huw Edwards, 2021. "Post-colonial trade between Russia and former Soviet republics: back to big brother?," Economic Change and Restructuring, Springer, vol. 54(3), pages 877-918, August.
    4. Andrii Hrona, 2020. "Foreign Currency Refinancing As A New Element Of Stimulating The Economic Development Of Transition Economies," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(5).
    5. Aigul Islamjanova & Issah Iddrisu & Rathny Suy & Dinara Bekbauova & Amran Said Suleiman, 2017. "The Impact of Silk Road Economic Belt on Economic Development of the Republic of Kazakhstan: The Case of Khorgos City," Journal of Social Science Studies, Macrothink Institute, vol. 4(2), pages 177-192, July.
    6. Libman, Alexander, 2006. "Взаимодействие Стран Снг С Азиатскими Интеграционными Группировками [Interaction of the CIS countries with Asian integration projects]," MPRA Paper 16620, University Library of Munich, Germany.
    7. 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.

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    Keywords

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    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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