The Economies of Central Asia: A Survey

  title={The Economies of Central Asia: A Survey},
  author={Martin C. Spechler},
  journal={Comparative Economic Studies},
The ex-Soviet republics of Central Asia have instituted some economic reforms within their authoritarian political systems, including reliance on worldwide exports of their energy, mineral, and agricultural products, and select imports. Besides relatively poor and aid-dependent Kyrgyzstan and Tajikistan, all have now recovered their pre-independence levels of income and begun to grow at respectable rates. The petro-dependent states of Turkmenistan and Kazakhstan have grown fastest lately but… 

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

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

State Capitalism in Eurasia: A Dual-Economy Approach to Central Asia

The political regimes, social development and economic performance in Central Asian countries since their independence have been comprehensively and controversially discussed in the existing

Kazakhstan – The Rise of the Asian Panther

The Republic of Kazakhstan witnessed incredible economic growth with its real GDP growing at least 9% per year between 2000 and 2007. One must ask, is this economic growth sustainable? This paper

How Can Central Asian Countries and Azerbaijan Become Emerging Market Economies?

The conventional way to become a developed "emerging market" has been to rely in large part on investments from high-income countries. This approach has failed, most obviously during the recent

The Business of Government: The State as Obstacle and Facilitator for Private Investment in Central Asia

This article deals with the question on how the Central Asian governments have dealt with transition as a whole and the emergence of private business in particular. Our focus is on the politically

The Transition from a Command to a Market Economy: Is Kazakhstan a Success Story in terms of Economic Performance?

Kazakhstan has made considerable progress in shifting from command to a market economy. The transition process towards a “market economy was expected to enhance the economic performance” of the

The East Asian development state as a reference model for transition economies in Central Asia - an analysis of institutional arrangements and exogeneous constraints

The paper addresses the relevance of the institutio nal arrangements in the high performing East Asian economies for the transition countries in Cen tral Asia. It is argued that the emerging

Analyzing bottlenecks for institutional development in Central Asia: Is it oil, aid, or geography?

The quality of institutions is considerable worse in Central Asia than in other transition countries. Based on a panel of 25 transition countries for the period from 1996 to 2005, this paper shows

Version The return of the regulator : Kazakhstan ’ s cotton sector reforms since independence Central Asian Survey

What would a ‘good’ industrial policy in the realm of cotton production look like? This article seeks to address this question through a focus on reforms to the cotton sector in Kazakhstan. In

The return of the regulator: Kazakhstan’s cotton sector reforms since independence

ABSTRACT What would a ‘good’ industrial policy in the realm of cotton production look like? This article seeks to address this question through a focus on reforms to the cotton sector in Kazakhstan.



Central Asia Between East and West

Ever since their independence from the USSR in 1991 the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan have been trying to fi nd a new framework for their

Varieties of Capitalism in Post-Communist Countries

The former state socialist countries of Eastern Europe and the Soviet Union have been transformed into capitalist systems, albeit with substantial differences among them and from advanced capitalist

Kazakhstan: A State-Led Liberalized Market Economy?

By 2005, a decade and a half after the foundations of a market economy were first set in place, the extent of capitalism in the Republic of Kazakhstan was evident. Markets had been liberalized for

Kazakhstan's Economy since Independence: Does the Oil Boom Offer a Second Chance for Sustainable Development?

KAZAKHSTAN HAS HUGE OIL AND NATURAL GAS RESERVES, rich unmined veins of copper, chrome and aluminium, and substantial gold deposits, as well as enough developed farm and pasture land to feed itself.

Central Asia's Second Chance

A leading authority on Central Asia offers a sweeping review of the region's path from independence to the post-9/11 world. The first decade of Central Asian independence was disappointing for those

Privatisation and Structural Reforms: Case Study Kazakhstan

The process of privatisation is different across the Euro-Asian region. However there are common aims among the Central Asian economies, including the creation of a viable private sector with new

The economic prospects of the CIS : sources of long term growth

Preface Introduction 1. Down and Up the Stairs: Paradoxes of Russian Economic Growth 2. Transition and Growth in Belarus 3. Ukraine: The Lost Decade... and the Coming Boom? 4. Barriers to Growth in

Illusory Transition? Elite Reconstitution in Kazakhstan, 1989 – 2002

Abstract Changes in elite composition during the post-Soviet transition in Russia and Central and Eastern Europe have received significant scholarly attention, but corollary developments in other

Central Asia on the Edge of Globalization

The nations of Central Asia, all once a part of the Soviet Union, now form a natural experiment in how to manage transition in non-European economies. As the author argues, Uzbekistan, the country

Fiscal Decentralization in the Kyrgyz Republic

This survey of interbudgetary relations between the Ministry of Finance of the Kyrgyz Republic, the Treasury, and local governments shows how fiscal decentralization is reflected in the country’s