Economics at your fingertips  

From socialism to capitalism with communist characteristics: the building of a post-socialist developmental state in Central Asia

Andrzej Bolesta

Post-Communist Economies, 2022, vol. 34, issue 1, 71-98

Abstract: Many post-communist countries continue to search for their preferred genus of capitalism. During this process the Post-Socialist Developmental State (PSDS) became the dominant model of institutional arrangements and state policy in post-socialist East Asia. Upon embarking on a systemic transformation from socialism to capitalism, states such as China and Vietnam chose not to build a liberal model based on a free market and democracy. Instead, they chose to replicate the success stories of East Asia based on the historic concept of the developmental state. In their quest to build a post-communist capitalism, former Soviet republics of Central Asia, namely, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan have also tried, to a varying degree, to instal their own version of PSDS, as they have maintained an authoritarian political system and despite the initial efforts at accelerating economic transformation, have maintained a gradual and incremental pace of reforms. In compliance with PSDS provisions, they have relied on state intervention and industrial policies and after post-socialist recession characteristic of many countries in transition, have finally managed to achieve an impressive developmental dynamics, almost commensurate with that of East Asian post-socialist developmental states.

Date: 2022
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

DOI: 10.1080/14631377.2019.1694350

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2022-03-04
Handle: RePEc:taf:pocoec:v:34:y:2022:i:1:p:71-98