The Central Asian Economies in the Twenty-First Century

This book analyzes the Central Asian economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, from their buffeting by the commodity boom of the early 2000s to its collapse in 2014. Richard Pomfret examines the countries' relations with external powers and the possibilities for development offered by infrastructure pro

“"This timely and highly important book deals with the economic situations of the five Central Asian countries during the twenty-first century. With coherent and robust analysis, Pomfret tackles the types of economic systems adopted by the new independent states, their consequences, and the challenges of development for resource-rich countries. A significant contribution, this book will fill a gap in the Central Asian economic literature." --Yelena Kalyuzhnova, University of Reading”

"A succinct elaboration of core ideas and a complex web of insightful underpinnings. It is a valuable and timely research."---Gouranga Gopal Das, Asian-Pacific Economic Literature
"The book is a thought-provoking study analysing the complicated relationship between history, politics, and economics. . . . Pomfret provides country-specific analyses with enough detail, which can also serve as a springboard for students who would like to specialise in the Central Asia region to conduct further in-depth academic research."---Özge Söylemez, Rest Journal

Richard Pomfret is professor of economics and the Jean Monnet Chair on the Economics of European Integration at the University of Adelaide, and is adjunct professor of international economics at the Johns Hopkins University School of Advanced International Studies in Bologna. His books include The Economies of Central Asia and The Central Asian Economies since Independence (both Princeton).

This book analyzes the Central Asian economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, from their buffeting by the commodity boom of the early 2000s to its collapse in 2014. Richard Pomfret examines the countries' relations with external powers and the possibilities for development offered by infrastructure projects as well as rail links between China and Europe.The transition of these nations from centrally planned to market-based economic systems was essentially complete by the early 2000s, when the region experienced a massive increase in world prices for energy and mineral exports. This raised incomes in the main oil and gas exporters, Kazakhstan and Turkmenistan; brought more benefits to the most populous country, Uzbekistan; and left the poorest countries, the Kyrgyz Republic and Tajikistan, dependent on remittances from migrant workers in oil-rich Russia and Kazakhstan. Pomfret considers the enhanced role of the Central Asian nations in the global economy and their varied ties to China, the European Union, Russia, and the United States. With improved infrastructure and connectivity between China and Europe (reflected in regular rail freight services since 2011 and China's announcement of its Belt and Road Initiative in 2013), relaxation of United Nations sanctions against Iran in 2016, and the change in Uzbekistan's presidency in late 2016, a window of opportunity appears to have opened for Central Asian countries to achieve more sustainable economic futures.

This item is eligible for free returns within 30 days of delivery. See our returns policy for further details.