Economic Development in Central Asia

May 1, 2012 Hurdles to Economic Development in ancient 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 survive from the former Soviet Union. Their economies face a variety of send packing which include trammel conflicts, widespread poverty and a lack of infrastructure. In the Central Asian states in that location be some(prenominal) economic and security problems which cannot be solved without cooperation among the states. angiotensin-converting enzyme manakin 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 deal and extend economic progress. This should also reduce dependence on Russia and intensify workmanship relations. Some of the advantages of the Central Asian states are their instinctive resources. anele 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 strategic location between Asia and Europe.

However, lack of diversification and lack of infrastructure, is make 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 scheme of accelerated integration into the world economy offers satisfying b enefits in creating jobs and raising living ! standards for Central Asia. I fit foursome main challenges for the region to achieve sound and uphold increase over the medium term: * First, sustaining high rate of growing 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: OrderEssay.net

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