The Revival of Regional Cooperation in Central Asia and the Perspective of Hungary's Eastern Opening Policy

Peter Barkanyi and Laszlo Vasa

Economic and Regional Studies (Studia Ekonomiczne i Regionalne), 2023, vol. 16, issue 2

Abstract: Subject and purpose of the work: This study explores the specifics of strengthening Central Asian regional cooperation and its potential opportunities according to Hungary’s Eastern Opening Policy. Materials and methods: A two-pronged approach was used to conduct this study, which included a comprehensive literature review of relevant academic publications on regional cooperation, as well as an examination of cooperation projects to identify specific characteristics. Results are explicated using descriptive methodology for the analysis. Results: Central Asian regional integration differs from the traditional model, emphasising the importance of historical factors and the strengthening of Turkish ethnic identity as a foundation for unification efforts. Conclusions: Foreign economic engagement in Central Asia requires a continuous and assertive presence, along with the development of mutual trust due to the region’s unique historical, cultural and geopolitical context. These tendencies and intentions have been recognised by Hungarian foreign strategy - in line with the Eastern Opening Policy - with good sense and at a good pace.

Keywords: International Development; International Relations/Trade; Marketing; Political Economy; Public Economics (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:plecrs:339218

DOI: 10.22004/ag.econ.339218

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