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Models of market integration in Central Asia – comparative performance


  • Libman, Alexander


The paper considers the problem of the integration of markets in Central Asia as a main factor of economic modernization. It first identifies the potential channels of reduction of transaction costs barriers between countries (“models of integration”). Second, it looks at the emergence of these channels, and identifies two main puzzles: success of centralization in individual countries vs. failing international cooperation among them and successful informal cooperation of companies and trade networks vs. deficits of intergovernmental concerted actions. Third, it looks at the impact of the relative success of emerging models of market integration for the balance of power in Central Asia.

Suggested Citation

  • Libman, Alexander, 2009. "Models of market integration in Central Asia – comparative performance," MPRA Paper 17510, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17510

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    References listed on IDEAS

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    3. Libman, Alexander, 2007. "Big business and quality of institutions in the post-Soviet space: Spatial aspects," Discourses in Social Market Economy 2007-07, OrdnungsPolitisches Portal (OPO).
    4. Libman, Alexander & Ushkalova, Daria, 2009. "Post-Soviet countries in global and regional institutional competition: The case of Kazakhstan," MPRA Paper 12595, University Library of Munich, Germany.
    5. Brosig, Stephan & Yahshilikov, Yorbol, 2005. "Interregional integration of wheat markets in Kazakhstan
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      ," IAMO Discussion Papers 88, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    6. Litwack, John M., 2002. "Central Control of Regional Budgets: Theory with Applications to Russia," Journal of Comparative Economics, Elsevier, vol. 30(1), pages 51-75, March.
    7. Saodat Olimova & Sobir Kurbonov & Grigory Petrov & Zebo Kahhorova, 2006. "Regional Cooperation in Central Asia : A View from Tajikistan," Problems of Economic Transition, Taylor & Francis Journals, vol. 48(9), pages 6-86.
    8. Edward D. Mansfield & Helen V. Milner & B. Peter Rosendorff, 2015. "Why Democracies Cooperate More: Electoral Control and International Trade Agreements," World Scientific Book Chapters,in: THE POLITICAL ECONOMY OF INTERNATIONAL TRADE, chapter 11, pages 227-263 World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Libman, Alexander, 2010. "Internal centralization and international integration in the post-Soviet space," MPRA Paper 21882, University Library of Munich, Germany.

    More about this item


    Central Asia; regionalization; regionalism; decentralization;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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