This book investigates the institutional underpinnings of the
relatively strong economic performance in Central Asian countries
since their independence. The New Institutional Economics as well
as Political Economy approaches provide the conceptual framework
for case studies. All contributions consider factor markets and
institutions as fundamental drivers of economic growth. This volume
scrutinizes the evolution, design, and performance of factor
markets in the region including land and natural resources, labor,
physical and human capital.
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