This study explores prospects for inclusive growth in the Central Asia and the South Caucasus region and highlights the central role played by the creation of good jobs. The study reviews economic performance in the region and discusses prospects through 2030, introducing two growth scenarios related to the adoption of structural reforms for creating good jobs and inclusive growth. It also highlights the importance of adopting a full policy reform scenario.
CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008–09 global financial crisis. Since then, poverty rates have barely moved and, for oil importers, remain elevated.
The services sector is becoming a key driver of economic development in most members of the Central Asia Regional Economic Cooperation (CAREC) Program. This study underscores the potential for greater economic diversification through robust development of seven key services subsectors and industries that are critical for economies in the region to function and thrive. CAREC members also need to adopt a coherent and comprehensive approach to the balanced development of these interdependent services subsectors. Enabling conditions such as good governance, competitive markets, strong regional cooperation and integration, efficient labor markets, and high quality physical and digital infrastructure are crucial.
Leveraging the natural experiment caused by the dissolution of the USSR and its uniform approach to higher education, this book focuses on university governance across the former Soviet countries, making it essential reading for researchers, students and policy makers. This title is also available as open access on Cambridge Core.
This book addresses the current state of economic and political development within Central Asia and the importance of European countries and organizations as international actors and supranational organizations for the Central Asian Region (CAR). It aims to provide a better understanding of Central Asia’s multi-faceted relations in rapidly evolving geostrategic dynamics and serves as a timely insight into the contours of Central Asian states’ policies, emerging trends, and significant features of these interactions. The aim is to analyze the main challenges for future between the Europe and Central Asia relations, to make recommendations for improvement, and to identify lines for future research on this matter. It highlights key aspects of current discourses in CAR vis-à-vis the role of European countries and China and other key players. It explores post-Soviet scenarios, considering recent drastic changes in the equation of international relations in general and, more particularly the role of Russia and China vis-à-vis Europe in the CARs. This book covers the different perspectives on the EU’s new strategy (2019), which will contribute to strengthening relations between the two growing regions. It will be beneficial for academics, practitioners, and policymakers.
After the break-up of the USSR, the former Soviet countries took different paths. While many of them face severe economic problems or have become only questionably democratic, Georgia’s socio-political development has become a relatively successful post-Soviet transition story. A deeper understanding of Georgia can offer insights that are also useful for other transitional and developing states. Many of the good governance implications of the research papers assembled in this volume are highly relevant to the broader Caucasus region and other post-Communist countries. The contributions deal with central issues pertinent to Georgian public policy, administration, and politics, as well as to Georgia’s ongoing struggle for independence and democracy. The collection illustrates a particularly revealing case in the comparative study of modern governance.
Financial inclusion and financial education are becoming increasingly recognized as key requirements for sustainable and inclusive growth, and have been recognized as such by international fora such the Group of Twenty (G20) and the OECD. However, countries in Central Asia and the South Caucasus region have generally lagged in this area. Aside from Kazakhstan, the levels of financial inclusion are substantially below the average level of developing economies. Moreover, there has been little study of the determinants of and barriers to the development of financial inclusion and financial literacy in this region. In this study, prominent scholars in each country examine recent trends in financial inclusion in seven countries--Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan and Uzbekistan--for both individuals and small and medium-sized firms (SMEs); institutional and regulatory barriers to the expansion of financial inclusion; and policy options to support greater financial inclusion while maintaining financial stability. The book also examines issues related to the assessment of financial literacy and promotion of financial education to support greater financial inclusion in the region. One prominent feature of the region is the relatively slow uptake of innovative financial technologies that could promote financial inclusion such as mobile phone banking, crowd funding and peer-to-peer (P2P) lending platforms. This book examines the barriers to such development, as recommends policies to facilitate the introduction of such technologies.
The Arab Spring holds the promise of improved living standards and a more prosperous future for the peoples of the Middle East and North Africa region. At the same time, the region is witnessing uncertainty and economic pressures from domestic and external sources, which will likely be exacerbated by the recent worsening of the global economy. The main challenge in the short term will be to manage expectations while maintaining economic stability. To that end, better-targeted subsidies and transfers will help free up resources for investment in infrastructure, education, and health. Policies aimed at fostering inclusive growth will also help cement the longer-term benefits of the ongoing changes in the region. In the Caucasus and Central Asia, the economic outlook is broadly positive. Exports and remittances--key growth drivers in 2010--are continuing to grow solidly, helping the recovery gain firm momentum. At the same time, uncertainties over the robustness of the global recovery constitute a downside risk to the growth outlook. Key challenges facing the region over the medium term are to create jobs and foster high and inclusive growth.
The Caucasus region and Central Asia covers a large part of the Eurasian. Both regions, where Russia and China have a serious influence and visibility, also have a location that reflects the hegemonic expectations of both these actors. In this context, domestic political developments and even internal conflicts in the region can be linked to the policies of Russia and China to a certain extent and have the potential to affect the motives of these two powers. Although Central Asia is rich in natural resources, it is landlocked and has lagged other nations in terms of agricultural production and industrial development. Although the Caucasus is divided into the North, the territory of Russia, and the South, where three independent states are located, it is insufficient in terms of production and development. The Caucasus stands out especially with energy projects and its feature of being a commercial corridor.
Encompassing chapters that address both unidimensional and multidimensional poverty, this timely Research Handbook explores all aspects of poverty and deprivation measurement, not only detailing broad issues but also scrutinising specific domains and aspects of poverty, such as health, energy and housing. Its succinct and highly focussed chapters, written by a diverse range of authors, employ a combination of theoretical and empirical methodologies to offer well-rounded explorations of complex topics.
