Models of market integration in Central Asia – comparative performance

Alexander Libman

MPRA Paper from University Library of Munich, Germany

Abstract: The paper considers the problem of the integration of markets in Central Asia as a main factor of economic modernization. It first identifies the potential channels of reduction of transaction costs barriers between countries (“models of integration”). Second, it looks at the emergence of these channels, and identifies two main puzzles: success of centralization in individual countries vs. failing international cooperation among them and successful informal cooperation of companies and trade networks vs. deficits of intergovernmental concerted actions. Third, it looks at the impact of the relative success of emerging models of market integration for the balance of power in Central Asia.

Keywords: Central Asia; regionalization; regionalism; decentralization (search for similar items in EconPapers)
JEL-codes: F15 P26 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-cwa and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17510

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