Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices

Asia-Pacific Development Journal, Vol. 13 , No. 2, 2006

32 Pages Posted: 30 Jun 2008

Date Written: December 1, 2006

Abstract

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

Keywords: Economics of transition, regional integration, Central Asian Republics

JEL Classification: F15, P33, P36

Suggested Citation

Wignarajan, Ganeshan and Wignaraja, Ganeshan, Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices (December 1, 2006). Asia-Pacific Development Journal, Vol. 13 , No. 2, 2006, Available at SSRN: https://ssrn.com/abstract=1152063

Ganeshan Wignarajan

Asian Development Bank ( email )

Ganeshan Wignaraja (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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