Economy

September 28, 2021

Connected by Waters: The Issue of Water as a Factor of Regional Cooperation in Central Asia

It is well known that water scarcity is one of the most serious challenges that Central Asia is about to face in the near future. According to the World Resources Institute, Turkmenistan is among the top 17 countries that face extremely high water stress; Uzbekistan and Kyrgyzstan are in the […]
July 28, 2021

Foreign Trade of Uzbekistan

International trade plays a crucial role for Uzbekistan. The country has been one of the most important suppliers of agricultural products, including cotton, fruits, and vegetables. Since independence, Uzbekistan started to conduct gradual reforms. Import-substitution policy with strong protection of the internal market were the features of the country’s economy. […]
June 23, 2021

Current Status and Expectations of Tourism in Kyrgyzstan

Kyrgyzstan has the potential to be one of the important tourism centers among Central Asian countries with its natural beauties, historical and cultural richness. One of these opportunities is nature tourism. Due to its mountainous terrain where the Tian Shan Mountains cover 65% of Kyrgyzstan’s land it is often referred […]
June 9, 2021

Implications of Pandemic for Labor Migrants of Tajikistan

The pandemic created significant challenges for the movement of people. When governments were forced to ban international travels in order to prevent the outbreak of COVID-19, migrants became among the most affected by the consequences of such restrictions. Tajikistan, with its high dependence on labor migration to Russia, unfortunately, turned […]
June 8, 2021

Macroeconomic Effects of Infrastructure Development

Many developing countries in the Eurasian region are in search of economic growth drivers. The previous growth models mainly based on fuel exports can no longer guarantee sustainable development due to ongoing structural transformations in the global economy. Renewable energy investments demonstrate high growth rates. Gradual substitution of traditional energy […]
June 4, 2021

Revitalization of the Silk Road and Possible Benefits for Kazakhstan

When we compare our age with two thousand years ago, it can be easy to be fooled by the illusion of the superiority of modern civilization, technology, and communication. How-ever, despite the passage of a long time, one of the achievements of that period that surprised our imagination was the […]
May 11, 2021

An Evaluation on the Regional Comprehensive Economic Partnership Agreement

The Regional Comprehensive Economic Partnership (RCEP) Agreement was signed at the 4th RCEP Summit held between members of the Association of Southeast Asian Nations (ASEAN) Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philip-pines, Singapore, Thailand, Vietnam and ASEAN’s dialogue partners Australia, China, Japan, South Korea and New Zealand on November 15th […]
April 17, 2021

Economic Effects of Renewable Energy Development

Renewable energy development is one of the key priorities for both developed and developing countries. Many studies focus on renewable energy-climate interaction [Jones and Warner, 2016]. At the same time, benefits from renewable energy development are wide. They vary from job creation to its positive contribution to economic growth. Renewable […]
March 7, 2021

Global Environmental Impact of the Covid-19 Pandemic

COVID-19 pandemic and resulted lock-downs and border closures have significantly affected livelihoods of all people around the globe, resulting in a number of negative effects, such as COVID-19 related death and infection rates, economic crises due to closures of businesses and travel bans, school and university closures and as a […]
February 19, 2021

Analysis of the Global Wheat Market

Agriculture plays an important role in the global economy. Its functions are broad and include provision of food security, triggering of economic and industrial growth, poverty reduction, narrowing of income disparities, delivery of environmental services and structural transformations [Byerlee et al., 2009]. In the period of economic and political shocks, […]