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File name: SSRN-id1152063. ; Size: 443K
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Central Asia after Fifteen Years of Transition:
Growth, Regional Cooperation, and Policy Choices
Ganeshan Wignarajan
Asian Development Bank
Ganeshan Wignaraja
Asian Development Bank
December 1, 2006
Asia-Pacific Development Journal, Vol. 13 , No. 2, 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.
Number of Pages in PDF File: 32
Keywords: Economics of transition, regional integration, Central Asian Republics
JEL Classification: F15, P33, P36
Accepted Paper Series
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Date posted: June 30, 2008
Suggested CitationWignarajan, 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: http://ssrn.com/abstract=1152063
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