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Book Synopsis
This book presents an analysis of the Kyrgyz Republic and Tajikistan whose experiences are equally important to other newly independent countries. These countries were little known to the rest of the world until they gained independence from the FSU. Independence from the FSU brought more challenges than opportunities. Despite huge development potential, based on natural resources, almost all countries in the region continue to suffer from high unemployment and fiscal imbalances. While trade, based on the concept of comparative advantage, is crucial for small economies, as the experience of Singapore and Hong Kong suggests, it has not played a significant role in accelerating growth and alleviating poverty in the Central Asian countries. The book sheds light on these issues which can provide useful development lessons, not only to newly independent countries, but also to other developing countries which are in the path of global integration.

Trade & Development in Transitional Economics

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    A Hardback by Kishor Sharma

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      Book details

      Publisher Nova Science Publishers Inc
      Published 1 May 2007
      ISBN-13 9781594548161
      978-1594548161
      ISBN-10 1594548161
      Also in:
      Economic systems and structures

      Description

      Book Synopsis
      This book presents an analysis of the Kyrgyz Republic and Tajikistan whose experiences are equally important to other newly independent countries. These countries were little known to the rest of the world until they gained independence from the FSU. Independence from the FSU brought more challenges than opportunities. Despite huge development potential, based on natural resources, almost all countries in the region continue to suffer from high unemployment and fiscal imbalances. While trade, based on the concept of comparative advantage, is crucial for small economies, as the experience of Singapore and Hong Kong suggests, it has not played a significant role in accelerating growth and alleviating poverty in the Central Asian countries. The book sheds light on these issues which can provide useful development lessons, not only to newly independent countries, but also to other developing countries which are in the path of global integration.

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