Central Asia's new states have been buffeted by financial ill winds
from East Asia and Russia and by Islamic revolutionary movements
from the south. In the context of widespread and deepening
impoverishment, endemic corruption, gaping inequalities, and
external pressures to undertake difficult reforms, economic crisis
threatens to expand into profoundly destabilizing social and
political crises as well.
This volume analyzes the geopolitical and macroeconomic
situation of Central Asia, local policy responses to the current
crisis, and alternative scenarios for the foreseeable future. It
devotes particular attention to Kazakhstan, Turkmenistan, and
Uzbekistan. Beyond the immediate case, the book focuses on policy
measures and institutional improvements that could most directly
impact the capacity of economies in the region to adapt to the
globalization process.
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