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

  • Dowling, Malcolm

    ()

    (Singapore Management University)

  • Wignaraja, Ganeshan

    ()

    (Asian Development Bank)

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.

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Paper provided by Asian Development Bank in its series Working Papers on Regional Economic Integration with number 3.

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Length: 22 pages
Date of creation: 01 Jul 2006
Date of revision:
Handle: RePEc:ris:adbrei:0003
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  1. Sachs, Jeffrey D, 1996. "The Transition at Mid Decade," American Economic Review, American Economic Association, vol. 86(2), pages 128-33, May.
  2. Lall, Sanjaya & Teubal, Morris, 1998. ""Market-stimulating" technology policies in developing countries: A framework with examples from East Asia," World Development, Elsevier, vol. 26(8), pages 1369-1385, August.
  3. World Bank, 2003. "Azerbaijan - Building Competitiveness : An Integrated Non-Oil Trade and Investment Strategy, Volume 2. Background Papers," World Bank Other Operational Studies 14691, The World Bank.
  4. Raballand, Gael & Kunth, Antoine & Auty, Richard, 2005. "Central Asia's transport cost burden and its impact on trade," Economic Systems, Elsevier, vol. 29(1), pages 6-31, March.
  5. David Lipton & Jeffrey Sachs, 1990. "Privitization in Eastern Europe: The Case of Poland," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 293-342.
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  7. Elena Loukoianova & Anna Unigovskaya, 2004. "Analysis of Recent Growth in Low-Income Cis Countries," IMF Working Papers 04/151, International Monetary Fund.
  8. Lev Freinkman & Evgeny Polyakov & Carolina Revenco, 2004. "Trade Performance and Regional Integration of the CIS Countries," World Bank Publications, The World Bank, number 14933.
  9. Campos, Nauro F & Coricelli, Fabrizio, 2002. "Growth in Transition: What we Know, What we Don't and What we Should," CEPR Discussion Papers 3246, C.E.P.R. Discussion Papers.
  10. Lall, Sanjaya, 1992. "Technological capabilities and industrialization," World Development, Elsevier, vol. 20(2), pages 165-186, February.
  11. World Bank, 2003. "Azerbaijan - Building Competitiveness : An Integrated Non-Oil Trade and Investment Strategy, Volume 1. Summary Report," World Bank Other Operational Studies 14665, The World Bank.
  12. Djankov, Simeon & Murrell, Peter, 2002. "Enterprise Restructuring in Transition: A Quantitative Survey," CEPR Discussion Papers 3319, C.E.P.R. Discussion Papers.
  13. Tito Boeri & Katherine Terrell, 2002. "Institutional Determinants of Labor Reallocation in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 51-76, Winter.
  14. Simoneti, Marko & Damijan, Joze P. & Rojec, Matija & Majcen, Boris, 2005. "Case-by-Case Versus mass privatization in transition economies: Initial owner and final seller effects on performance of firms in Slovenia," World Development, Elsevier, vol. 33(10), pages 1603-1625, October.
  15. Jan Svejnar, 2001. "Transition Economies: Performances and Challenges," William Davidson Institute Working Papers Series 415, William Davidson Institute at the University of Michigan.
  16. Nora Dudwick & Elizabeth Gomart & Alexandre Marc & Kathleen Kuehnast, 2003. "When Things Fall Apart : Qualitative Studies of Poverty in the Former Soviet Union," World Bank Publications, The World Bank, number 15204.
  17. Rana, Pradumna B., 1995. "Reform strategies in transitional economies: Lessons from Asia," World Development, Elsevier, vol. 23(7), pages 1157-1169, July.
  18. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 14042.
  19. Roman Mogilevsky, 2004. "Role of Multilateral and Regional Trade Disciplines: Kyrgyzstan's Experience," CASE Network Studies and Analyses 0278, CASE-Center for Social and Economic Research.
  20. Scott Rozelle & Johan F.M. Swinnen, 2004. "Success and Failure of Reform: Insights from the Transition of Agriculture," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 404-456, June.
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