Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109283
Authors: 
Dowling, Malcolm
Wignaraja, Ganeshan
Year of Publication: 
2006
Series/Report no.: 
ERD Working Paper Series 80
Abstract: 
The growth performance of small, land-locked Central Asian economies has been among the world's fastest since the 1990s due to high-priced commodities (including oil and natural gas), strategic location, reasonable infrastructure, and human capital. The short-term economic prospects of Central Asian economies appear bright but long-term prospects may be less certain with a growing divergence between oil exporters (Azerbaijan, Kazakhstan, and Turkmenistan) and non-oil exporters (Kyrgyz Republic, Tajikistan, and Uzbekistan). This paper reviews their recent economic performance, projects key economic variables to 2015 against a constant global background, and discusses policy implications. Exploring various scenarios ("business as usual", "closing the gap" and "falling behind"), the paper highlights the importance of policies in determining the future development path of the Central Asian economies. The findings show that if these economies embrace policy reform, regional cooperation, and industrial competitiveness, then economic prosperity will continue to be enhanced.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

Files in This Item:
File
Size
1.14 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.