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Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices

Author

Listed:
  • Malcolm Dowling

    (Singapore Management University)

  • Ganeshan Wignaraja

    (Asian Development Bank)

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 yet to be adequately 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. It goes on to examine medium-term prospects and policy needs for the CARs.

Suggested Citation

  • Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices," Working Papers on Regional Economic Integration 3, Asian Development Bank.
    • Handle: RePEc:ris:adbrei:0003
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    References listed on IDEAS

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    Cited by:

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    3. 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).
    4. 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.
    5. Hippu Salk Kristle Nathan & Srijit Mishra, 2010. "Progress in human development: Are we on the right path?," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 3(3), pages 199-221.
    6. 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.
    7. Hu, Yanan & Duan, Weili & Zou, Shan & Chen, Yaning & De Maeyer, Philippe & Van de Voorde, Tim & Takara, Kaoru & Kayumba, Patient Mindje & Kurban, Alishir & Goethals, Peter L.M., 2024. "Coupling coordination analysis of the water-food-energy‑carbon nexus for crop production in Central Asia," Applied Energy, Elsevier, vol. 369(C).
    8. Annageldy Arazmuradov, 2012. "Foreign Aid, Foreign Direct Investment, and Domestic Investment Nexus in Landlocked Economies of Central Asia," Economic Research Guardian, Mutascu Publishing, vol. 2(1), pages 129-151, May.
    9. 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.
    10. Arman Mazhikeyev & T.Huw Edwards & Marian Rizov, 2014. "Openness and Isolation: the comparative trade performance of the Former Soviet Central Asian countries," Discussion Paper Series 2014_02, Department of Economics, Loughborough University, revised Feb 2014.
    11. Warwick J. McKibbin & Waranya Pim Chanthapun, 2009. "Exchange Rate Regimes in the Asia-Pacific Region and the Global Financial Crisis," Working Papers on Regional Economic Integration 36, Asian Development Bank.
    12. 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.
    13. Srinivasa Madhur & Ganeshan Wignaraja & Peter Darjes, 2009. "Roads for Asian Integration: Measuring ADB's Contribution to the Asian Highway Network," Working Papers on Regional Economic Integration 37, Asian Development Bank.
    14. 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:

    • F15 - International Economics - - Trade - - - Economic Integration
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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