Economic Development in Central Asia

May 1, 2012 Hurdles to Economic Development in indigene Asia The collapse of the Russian Empire created five new states in Central Asia. These five States have struggled with economical, ethnic, territorial and political issues condense from the former Soviet Union. Their economies face a variety of except which include trammel conflicts, widespread poverty and a inadequacy of infrastructure. In the Central Asian states in that location atomic number 18 some(prenominal) economic and security problems which cannot be solved without cooperation amidst the states. angiotensin-converting enzyme representative is that wishing of water resources have resulted in border conflicts in the states. The governments should work toward creating a regional atmosphere for modify cooperation between the states which will reduce border conflicts, terrorism, the narcotics divvy up and extend economic progress. This should also reduce dependence on Russia and intensi fy manage relations. Some of the advantages of the Central Asian states are their instinctive resources. rock oil and gas reserves are found in Kazakhstan, Turkmenistan and Uzbekistan. Uzbekistan is the second largest exporter of cotton. The Central Asian states also occupy a strategical location between Asia and Europe.

However, lack of diversification and lack of infrastructure, is fashioning them fall prey to the extractive economic policies of their big neighbor, Russia. Moreover, there is no consensus among the Central Asian States regarding the path of economic teaching they should adopt. ( Kumar) An outward-looking outline of ac! celerated integration into the world economy offers satisfying benefits in creating jobs and raising living standards for Central Asia. I fit quad main challenges for the region to achieve sound and uphold growing over the medium term: * First, sustaining high rate of harvest-feast and creating jobs requires economic diversification. * Second, there remains significant background for trade liberalization in Central Asia. * Third, closer regional...If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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