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Economic reform and institutional change in Central Asia: Towards a new model of the developmental state?

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  • Stark, Manuel
  • Ahrens, Joachim

Abstract

Widely ignoring recommendations from mainstream economics, the some Central Asian countries have achieved remarkable economic growth rates since their transformational recession in the 1990s. While Kazakhstan, Uzbekistan, and Turkmenistan have greatly benefitted from increasing world market prices for natural resources, particularly Kazakhstan and Uzbekistan have pursued distinct country-specific policies and built up politico-institutional structures which may have also contributed to bring about economic and social progress. This paper investigates the politico-institutional foundation of these emerging market economies in Central Asia and addresses the question whether or not these marketdeveloping autocracies are on a way to become developmental states with a firm commitment to economic development in the future.

Suggested Citation

  • Stark, Manuel & Ahrens, Joachim, 2012. "Economic reform and institutional change in Central Asia: Towards a new model of the developmental state?," PFH Forschungspapiere/Research Papers 2012/05, PFH Private University of Applied Sciences, Göttingen.
  • Handle: RePEc:zbw:pfhrps:201205
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    References listed on IDEAS

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    1. 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.
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    3. Richard Pomfret, 2003. "Central Asia Since 1991: The Experience of the New Independent States," OECD Development Centre Working Papers 212, OECD Publishing.
    4. Libman, Alexander, 2008. "Government-business relations in post-Soviet space: The case of Central Asia," MPRA Paper 11874, University Library of Munich, Germany.
    5. Ha-Joon Chang & Ali Cheema & L. Mises, 2002. "Conditions For Successful Technology Policy In Developing Countries—Learning Rents, State Structures, And Institutions," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 369-398.
    6. Libman, Alexander, 2008. "Economic role of public administration in Central Asia: Decentralization and hybrid political regime," MPRA Paper 10940, University Library of Munich, Germany.
    7. Martin C Spechler, 2008. "The Economies of Central Asia: A Survey," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 50(1), pages 30-52, March.
    8. Martin Spechler, 2004. "Central Asia on the Edge of Globalization," Challenge, Taylor & Francis Journals, vol. 47(4), pages 62-77.
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    10. Martin C Spechler, 2000. "Hunting for the Central Asian Tiger," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 42(3), pages 101-120, September.
    11. Johnson, Chalmers, 1986. "The nonsocialist NICs: East Asia," International Organization, Cambridge University Press, vol. 40(02), pages 557-565, March.
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    Cited by:

    1. Wolters, Alexander, 2013. "Islamic finance in the states of Central Asia: Strategies, institutions, first experiences," PFH Forschungspapiere/Research Papers 2013/01, PFH Private University of Applied Sciences, Göttingen.
    2. 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

    Developmental State; Central Asia; Kazakhstan; Uzbekistan;

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