What did those who were “Present at the Transition” Miss? The Creation of Powerful Presidential Families in Central Asia

Richard Pomfret

Comparative Economic Studies, 2023, vol. 65, issue 3, No 3, 442-460

Abstract: Abstract A striking feature of Havrylyshyn's book present at the transition is the space and emphasis that he gives to elites. He contrasts the new rich in Central European Big Bang countries, who formed a capitalist class that supported further reforms and consolidation of the new economic system, with the new rich in countries with gradual reforms or where an early Big Bang was aborted and old communist-era elites were able to short-circuit the reform process. This paper argues that, although Havrylyshyn's focus on the oligarchs of Russia and Ukraine may be justified by their status as the two largest Soviet successor states, they were not typical of the non-Baltic former Soviet republics. In the Central Asian countries and Azerbaijan, extreme wealth has become concentrated in the presidential families and their associates. This pattern has had specific and pernicious consequences.

Keywords: Inequality; Central Asia; Corruption (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41294-023-00208-8

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