Informal Markets and Trade in Central Asia and the Caucasus
Informal Markets and Trade in Central Asia and the Caucasus

Author: Susanne Fehlings

Publisher: Routledge

Published: 2022-04-11

Total Pages: 195

ISBN-13: 1000594025

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This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.

Traders, Informal Trade and Markets between the Caucasus and China
Traders, Informal Trade and Markets between the Caucasus and China

Author: Susanne Fehlings

Publisher: Springer Nature

Published: 2022-12-01

Total Pages: 358

ISBN-13: 9811952051

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The book is about the economic practices of traders and businesspeople from the Caucasus and China who work in local bazaars in Tbilisi and Beijing. It describes their activities, their motivations, their socio-cultural backgrounds, their work environments, and their interactions with one another. Contributing to a broader debate on the nature and role of informal economic practices in the post-Soviet periphery and processes of “globalization from below”, the book aims at providing a thick description of the embeddedness of bazaar traders’ economic behaviors and strategies in local and global political, economic, and cultural contexts, markets and supply chains.

The Caucasus and Central Asia
The Caucasus and Central Asia

Author: International Monetary Fund. Middle East and Central Asia Dept.

Publisher: International Monetary Fund

Published: 2014-04-10

Total Pages: 87

ISBN-13: 1484305140

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The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-—on average by 7 percent over 1996–2011—-than those in many other regions of the world and poverty has declined. Inflation has come down sharply from high rates in the 1990s and interest rates have fallen. Financial sectors have deepened somewhat, as evidenced by higher deposits and lending. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable as the crisis washed across the region. CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth.

Good Jobs for Inclusive Growth in Central Asia and the South Caucasus
Good Jobs for Inclusive Growth in Central Asia and the South Caucasus

Author:

Publisher: Asian Development Bank

Published: 2019-02-01

Total Pages: 191

ISBN-13: 9292615114

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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.

Opening Up in the Caucasus and Central Asia
Opening Up in the Caucasus and Central Asia

Author: Mr.Peter J Kunzel

Publisher: International Monetary Fund

Published: 2018-06-13

Total Pages: 59

ISBN-13: 1484362276

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The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying vulnerabilities of the current growth model. Lower commodity prices, weaker remittances, and slower growth in key trading partners reduced CCA growth, weakened external and fiscal balances, and raised public debt. the financial sector was also hit hard by large foreign exchange losses. while commodity prices have recovered somewhat since late 2014, to boost its economic potential, the region needs to find new growth drivers, diversify away from natural resources, remittances, and public spending, and generate much stronger private sector-led activity.

Mobilities, Boundaries, and Travelling Ideas
Mobilities, Boundaries, and Travelling Ideas

Author: Manja Stephan-Emmrich

Publisher: Open Book Publishers

Published: 2018-04-17

Total Pages: 331

ISBN-13: 1783743360

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This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates. Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome ‘territorial containers’ such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries. Structured by the four themes ‘crossing boundaries’, ‘travelling ideas’, ‘social and economic movements’ and ‘pious endeavours’, this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what ‘global’ means today. Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies.

The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century
The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century

Author: Ian Jeffries

Publisher: Routledge

Published: 2003-09-04

Total Pages: 678

ISBN-13: 1134341989

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This book provides a unique level of coverage of economic and political events of global significance, including foreign trade, foreign direct investment, the impact of oil and natural gas finds, Islamic extremism, the 11 September 2001 terrorist attacks on the United States and the reaction of the CIS countries and the war on international terrorism. It will provide an invaluable source of reference for all those interested in transitional and developing countries. The author presents a clear, detailed and accessible breakdown of the developments in the Caucasus (Armenia, Azerbaijan and Georgia) and the Central Asian republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

South Caucasus and Central Asia - The Belt and Road Initiative
South Caucasus and Central Asia - The Belt and Road Initiative

Author: Weltbank

Publisher:

Published: 2020

Total Pages:

ISBN-13:

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The Kyrgyz economy has been, since its earliest days, the most liberal and open among Central Asian countries resulting in an atypical structural transformation with limited productivity growth. It was the first Central Asian country to become a WTO member in 1998 and its trade share in GDP is the highest in the region. This is largely due to the flourishing cross-border trade with Kyrgyz Republic's large markets, Dordoi and Kara-Su, intermediating large volumes of goods: importing goods through both formal and informal trade systems, mainly from China, and re-exporting (in few cases with some value-addition) most of that to other economies in the region. It has highly entrepreneurial traders and a logistics-system that caters well to this large 'entrepot' trade. Agriculture and light manufacturing have contributed to its exports. This note assesses the potential impact of BRI over connectivity and the Kazakh economy. It looks at how, if fully implemented globally, the BRI is expected to achieve better transport connections and greater economic integration of participating BRI countries, discusses improvements in Kazakhstan's cross-border transport, electricity and ICT infrastructure to-date, and the potential impact of the completion of BRI transport projects on lowering Kazakh shipment time. It further looks at the likely economic impact of BRI reductions in shipment time on exports, FDI and GDP, the within country regional distribution of that impact and how complementary polices can enhance the positive impact and reduce regional inequity. Finally, it also examines the fiscal risk of scaling-up investment in BRI projects in the coming years without undermining medium-term debt sustainability.