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

29 Pages Posted: 29 Jan 2014

See all articles by Manuel Stark

Manuel Stark

EBS Universität für Wirtschaft und Recht

Joachim Ahrens

PFH Private University of Applied Sciences

Florian A. Täube

European Management School; Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, iCite

Date Written: January 15, 2014

Abstract

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 and economically most important countries in the region, Kazakhstan and Uzbekistan. We investigate the specific role(s) that the Kazakh and Uzbek states assume within their respective economies and its impact on the environment for both foreign and domestic private business. Furthermore, the institutions at the interface between government and private economic actors, which together form the government-business-nexus, are analyzed. Drawing on more than 300 interviews with different stakeholder groups we find notable differences in the transition strategies of these countries. Nevertheless, they both achieved remarkable economic growth rates over the past decade that are projected to continue for the next years.

Keywords: New Institutional Economics; Transition Economies; Institutional Change; Business-government Relationships; Central Asia

Suggested Citation

Stark, Manuel and Ahrens, Joachim and Täube, Florian A., The Business of Government: The State as Obstacle and Facilitator for Private Investment in Central Asia (January 15, 2014). EBS Business School Research Paper No. 14-04. Available at SSRN: https://ssrn.com/abstract=2387289 or http://dx.doi.org/10.2139/ssrn.2387289

Manuel Stark

EBS Universität für Wirtschaft und Recht ( email )

Gustav-Stresemann-Ring 3
Wiesbaden, Hessen 65189
Germany

Joachim Ahrens

PFH Private University of Applied Sciences ( email )

Weender Landstraße 3-7
Göttingen, 37073
Germany

Florian A. Täube (Contact Author)

European Management School ( email )

Rheinstrasse 4N
Mainz, 55116
Germany

Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, iCite ( email )

19 Av Franklin Roosevelt
1050
Brussels
Belgium

HOME PAGE: http://www.solvay.edu

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