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Central Asia after fifteen years of transition: growth, regional cooperation, and policy choices

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  • Malcom Dowling

    (Singapore Management University, Singapore)

  • Ganeshan Wignaraja

    (Office of Regional Economic Integration, Asian Development Bank, Manila, Philippines)

Abstract

This paper presents a coherent and systematic analysis of the collapse and subsequent revival of the Central Asian republics since 1990. The focus is on the pattern of growth and structural changes during the cycle of decline and subsequent revival in the Central Asian republics, which have yet to be adequately analysed 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 the medium-term prospects for and policy needs of the Central Asian republics.

Suggested Citation

  • Malcom Dowling & Ganeshan Wignaraja, 2006. "Central Asia after fifteen years of transition: growth, regional cooperation, and policy choices," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 13(2), pages 113-144, December.
    • Handle: RePEc:unt:jnapdj:v:13:y:2006:i:2:p:113-144
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    2. 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).
    3. 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.
    4. 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).
    5. 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.
    6. 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.
    7. 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.
    8. 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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