Commonwealth of Independent States Transformation: Moving from Stagnation to Semi-Periphery

Ikhtiyor Rasulov, Jin-I Ha, Aidana Zhumagulova and Nindya Dhaneswara
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Ikhtiyor Rasulov: Department of Global Diaspora Studies, Chonnam National University
Jin-I Ha: Department of Global Diaspora Studies, Chonnam National University
Aidana Zhumagulova: Department of Global Diaspora Studies, Chonnam National University
Nindya Dhaneswara: Department of Global Diaspora Studies, Chonnam National University

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 3, 294-299

Abstract: This study examines the post-Soviet states, emphasizing the divergent developments in the Baltic states and the Commonwealth of Independent States (CIS), with a specific focus on Uzbekistan. It highlights the central role of regional cooperation and integration as key drivers of economic growth. The success of the Baltic states is attributed to strong regional cooperation, consistent economic policies, and cultural similarities, while CIS members struggle with challenges related to political instability and security risks. The study challenges the conventional assumption that full market liberalization is the sole catalyst for economic growth and emphasizes the significance of active state involvement in promoting regional integration. The findings suggest the need for a nuanced approach to managing political instability, promoting regional cooperation, and balancing market liberalization and state control to enhance economic performance. Recent developments in Uzbekistan, including the eradication of black markets, bolstering regional connections, and attracting more foreign investment, indicate the potential for substantial economic growth.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:3:p:294-299

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