The Central Asian Economies In The Twenty First Century

4.5. The 2007-8 Banking Crisis, Resource Nationalism, and Samruk-Kazyna -- 4.6. Kazakhstan 2050 -- 4.7. Conclusions -- 5. Uzbekistan -- 5.1. The Uzbek Paradox, 1991-96 -- 5.2. The Reintroduction of Exchange Controls, 1996-2003 -- 5.3. Economic Reform and Social Unrest -- 5.4. Responding to Crisis and Facing New Challenges in 2014-16 -- 5.5. The Karimov Era in Retrospect -- 5.6. Prospects for the Mirziyoyev Era -- 6. Turkmenistan -- 6.1. The Turkmenistan Economic Model -- 6.2. External Relations -- 6.3. Economic Performance, 1991-2006 -- 6.4. Natural Gas: Part One -- 6.5. From Turkmenbashi to Berdymuhamedov -- 6.6. Natural Gas: Part Two -- 6.7. Conclusions -- 7. The Kyrgyz Republic -- 7.1. Creating a Market Economy -- 7.2. Economic Development -- 7.3. Kumtor -- 7.4. Transit Center Manas -- 7.5. Retail Trade and Value Chains -- 7.6. Migration and Remittances -- 7.7. Economic and Political Developments in 2010 and After -- 7.8. Conclusions -- 8. Tajikistan

This book provides a unique level of coverage of economic and political events of global significance, including foreign trade, foreign direct investment, the impact of oil and natural gas finds, Islamic extremism, the 11 September 2001 terrorist attacks on the United States and the reaction of the CIS countries and the war on international terrorism. It will provide an invaluable source of reference for all those interested in transitional and developing countries. The author presents a clear, detailed and accessible breakdown of the developments in the Caucasus (Armenia, Azerbaijan and Georgia) and the Central Asian republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

In this global era, Central Asia must be understood in both geo-economic and geopolitical terms. The region's natural resources compel the attention of rivalrous great powers and ambitious internal factions. The local regimes are caught between the need for international collaborations to valorize these riches and the need to maintain control over them in the interest of state sovereignty. Russia and China dominate the horizon, with other global players close behind; meanwhile, neighboring countries are fractious and unstable with real potential for contagion. This pathbreaking introduction to Central Asia in contemporary international economic and political context answers the needs of both academic and professional audiences and is suitable for course adoption.

The 9/11 attacks, the U.S. invasion of Afghanistan, and the oil boom of recent years have greatly increased the strategic importance of resource-rich Central Asia, making an understanding of its economic--and therefore political--prospects more important than ever. In The Central Asian Economies Since Independence, Richard Pomfret provides a concise and up-to-date analysis of the huge changes undergone by the economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan since the collapse of the Soviet Union in 1991. The book assesses the economic prospects of each country, and the likelihood that economic conditions will spur major political changes. With independent chapters on each country, and chapters analyzing their comparative economic performance, the book highlights similarities and differences. Facing common problems caused by the breakdown of Soviet economic relations and the hyperinflation of the early 1990s, these countries have taken widely divergent paths in the transition from Soviet central planning to more market-based economies. The book ends in 2005 with the bloodless Kyrgyz revolution and the violence in Uzbekistan, which signaled the end of the region's political continuity. Throughout the book, Pomfret emphasizes the economic forces that foster political instability--from Kazakhstan's resource boom and Turkmenistan's lack of reform to Tajikistan's abject poverty.

The year 2019 marks 30 years since the fall of the Berlin wall. This symbolic event led to German unification and the collapse of communist party rule in countries of the Soviet-led Eastern bloc. Since then, the post-communist countries of Central, Eastern and South-eastern Europe have tied their post-communist transition to deep integration into the West, including EU accession. Most of the states in Central and Eastern Europe have been able to relatively successfully transform their previous communist political and economic systems. In contrast, the non-Baltic post-Soviet states have generally been less successful in doing so. This book, with an internationally respected list of contributors, seeks to address and compare those diverse developments in communist and post-communist countries and their relationship with the West from various angles. The book has three parts. The first part addresses the progress of post-communist transition in comparative terms, including regional focus on Eastern and South Eastern Europe, CIS and Central Asia. The second focuses on Russia and its foreign relationship, and internal politics. The third explores in detail economies and societies in Central Asia. The final part of the book draws some historical comparisons of recent issues in post-communism with the past experiences.

This open access book consists of essays written by Kishore Mahbubani to explore the challenges and dilemmas faced by the West and Asia in an increasingly interdependent world village and intensifying geopolitical competition. The contents cover four parts: Part One The End of the Era of Western Domination. The major strategic error that the West is now making is to refuse to accept this reality. The West needs to learn how to act strategically in a world where they are no longer the number 1. Part Two The Return of Asia. From the years 1 to 1820, the largest economies in the world were Asian. After 1820 and the rise of the West, however, great Asian civilizations like China and India were dominated and humiliated. The twenty-first century will see the return of Asia to the center of the world stage. Part Three The Peaceful Rise of China. The shift in the balance of power to the East has been most pronounced in the rise of China. While this rise has been peaceful, many in the West have responded with considerable concern over the influence China will have on the world order. Part Four Globalization, Multilateralism and Cooperation. Many of the world's pressing issues, such as COVID-19 and climate change, are global issues and will require global cooperation to deal with. In short, human beings now live in a global village. States must work with each other, and we need a world order that enables and facilitates cooperation in our global village.

“Central Asian Economies in Transition focuses on Central Asian countries (Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Azerbaijan) and their economic ties with Turkey. The book first summarizes the current state of Central Asian economies, enhanced through statistics and details [of] the economic and political challenges they face. The following parts cover the topics of economic integration and globalization, economic growth and development, international trade, and the energy sector. “Central Asian Economies in Transition is based on selected papers from the series of International Conferences on Eurasian Economies, investigating Central Asian countries in a comparative manner, as well as [on] specially invited articles by prominent academicians; all edited with coherence and exhaustiveness in mind. While some chapters are purely descriptive in nature, others include econometric analyses. “The target audience for Central Asian Economies in Transition is anyone who is interested in Central Asian economies, their transition process towards a market economy regime and their integration to the global world. This includes academicians from any field of social sciences, as well as decision makers, politicians, businessmen and journalists. “I believe that the reader will get a comprehensive picture of the Central Asian economies with specific details highlighted. I would like to take this opportunity to thank the editors for their painstaking efforts during the preparation of this book.” – Halil Seyidoğlu, Professor of Economics, Doğuş University