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Uzbekistan and Kazakhstan - a tale of two transition paths

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  • Alam, Asad
  • Banerji, Arup

Abstract

Uzbekistan adopted a cautious, gradual approach to market reform. Kazakhstan followed a more aggressive strategy. But while Kazakhstan may have achieved a better policy environment, its economic performance has not been better than Uzbekistan's. The authors examine the interplay between policies, institutions, and initial conditions, to examine several competing, and complementary hypotheses about why the paths the two Central Asian countries took, may have led to different economic outcomes. One possibility is that missing pieces in reform - especially deficiencies in the competitive environment - in combination with a rapidly diminishing role for the state, may have limited the gains from the policy reforms in Kazakhstan.

Suggested Citation

  • Alam, Asad & Banerji, Arup, 2000. "Uzbekistan and Kazakhstan - a tale of two transition paths," Policy Research Working Paper Series 2472, The World Bank.
    • Handle: RePEc:wbk:wbrwps:2472
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Inkyo Cheong & Valijon Turakulov, 2022. "How Central Asia to Escape from trade isolation?: Policy targeted scenarios by CGE modelling," The World Economy, Wiley Blackwell, vol. 45(8), pages 2622-2648, August.
    2. Ranaweera,Thilakaratna, 2003. "Alternative paths to structural adjustment in Uzbekistan in a three-gap framework," Policy Research Working Paper Series 3145, The World Bank.
    3. Kobil Ruziev & Toshtemir Majidov, 2013. "Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan," Europe-Asia Studies, Taylor & Francis Journals, vol. 65(4), pages 682-716.
    4. Heidelbach, Olaf, 2007. "Efficiency of selected risk management instruments: An empirical analysis of risk reduction in Kazakhstani crop production," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 40, number 92323.
    5. Lord, Montague, 2005. "Economic Growth in Uzbekistan: Sources and Potential," MPRA Paper 50731, University Library of Munich, Germany.
    6. Ranaweera, Thilak, 2003. "Market disequilibria and inflation in Uzbekistan, 1994-2000," Policy Research Working Paper Series 3144, The World Bank.
    7. Stephen Mark Rosenbaum & Stephan Billinger & Nils Stieglitz, 2012. "Safeguarding Common-Pool Resources in Transition Economies: Experimental Evidence from Central Asia," Journal of Development Studies, Taylor & Francis Journals, vol. 48(11), pages 1683-1697, November.
    8. Maxim Kan, 2023. "Sustained and Universal Fertility Recuperation in Kazakhstan," European Journal of Population, Springer;European Association for Population Studies, vol. 39(1), pages 1-39, December.

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