The Dialogue of Civilizations Research Institute (DOC RI) recently conducted a study on the ‘Structural and economic transformation towards sustainable development’ in the countries that are part of the UN Special Programme for the Economies of Central Asia (SPECA) – Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – as well as Armenia.
The study focuses on structural economic transformation of the SPECA and Armenian economies; the role of science, technology, and innovation in economic transition; the countries’ private sectors; and regional economic cooperation and integration.
Vladimir Popov, Research Director at DOC RI, oversees the project. He observed that “sweeping liberalization of the 1990s in the former Soviet Union countries led to premature deindustrialization in the region. Such a deindustrialization inhibited economic growth. In addition, the Dutch disease – reallocation of capital and labor to the resource sector at the expense of manufacturing – affected the resource rich countries of the region (Azerbaijan, Kazakhstan, Turkmenistan). “However, since the mid-1990s and especially in the 2000s and 2010s many countries have made substantial economic advances – 5 countries in the region (Turkmenistan, Uzbekistan, Azerbaijan, Kazakhstan and Tajikistan) increased their output no less than Central Europe as compared to 1989 (1.7 times and more). Uzbekistan and Tajikistan’s achievements are especially impressive because they are not based on resource exports. The UN ESCAP study analyzes the factors behind these changes”.
The results of the joint project with the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) will be presented at the Economic