The Struggle of the Central Asian Republics

  • Zahid Hasnain


Central Asia is perhaps the most overlooked region in the study of economic transition. Since the early 1990s, 26 countries of the former Soviet Union and communist bloc have begun to construct productive, market economies during a period of dramatic, and often traumatic, change. For five states in particular — the Central Asian Republics (CARs) of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan — the challenges of this triple economic, political and geopolitical transformation have been particularly daunting. This chapter will examine the market-led economic reforms of the Central Asian states, and conclude with thoughts on the economic policy challenges facing Cuba and other countries on the verge of transition.


Monetary Policy International Monetary Fund Commercial Bank Economic Reform Banking Sector 
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© Zahid Hasnain 2005

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  • Zahid Hasnain

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