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The Central Asian Economies in the Twenty-First Century$
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Richard Pomfret

Print publication date: 2019

Print ISBN-13: 9780691182216

Published to Princeton Scholarship Online: May 2019

DOI: 10.23943/princeton/9780691182216.001.0001

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Regional Problems and Opportunities

Regional Problems and Opportunities

(p.201) 9 Regional Problems and Opportunities
The Central Asian Economies in the Twenty-First Century

Richard Pomfret

Princeton University Press

This chapter analyzes alternative strategies—multilateral and regional—pursued by the Central Asian countries to integrate into a wider economic circle, emphasizing the shift from being part of the highly integrated Soviet economy to regional disintegration in the 1990s and early 2000s and then, after 2006, steps towards greater cooperation and integration. In the 1990s and 2000s, despite the actual multilateralism, only the Kyrgyz Republic joined the World Trade Organization. At the same time, a number of regional agreements were signed, both among the Central Asian countries and between Central Asian countries and their neighbors, although none had much influence, until the Eurasian Economic Union was constructed after 2009. Meanwhile, high costs of international trade in Central Asia are a symptom and a cause of regional disintegration.

Keywords:   Central Asian countries, integration, Soviet economy, regional disintegration, multilateralism, World Trade Organizations, regional agreements, Eurasian Economic Union, international trade

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