Central Asia and China: Financial Development through Cooperation with Russia

Bruno S. Sergi, Elena G. Popkova, Natalia Vovchenko and Marina Ponomareva

A chapter in Asia-Pacific Contemporary Finance and Development, 2019, vol. 26, pp 141-164 from Emerald Group Publishing Limited

Abstract: This chapter elaborates on the perspectives of financial development of countries of Central Asia and China through cooperation with Russia. The authors determine financial resources for the development of the countries of Central Asia and China and figure out possible scenarios for attracting additional financial resources and conclude that financial resources have a decisive role in socioeconomic development. It is substantiated that the increase and expansion of cooperation with Russia are the preferable scenario for attracting additional financial resources. The authors recommend expanding cooperation with Russia within the implementation of the selected optimal scenario are given.

Keywords: financial resources for development; socioeconomic development; cooperation; Central Asia; China; Russia; N25; O12; O16; O19; O53 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:isetez:s1571-038620190000026008

DOI: 10.1108/S1571-038620190000026008

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