International Conference on Eurasian Economies

12-14 October 2011 – Bishkek, KYRGYZSTAN

Paper detail

Paper ID : 244
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Assoc. Prof. Dr. Özlem Arzu Azer
Session : 1B Uluslararası İlişkiler

Political and Economic Integration of the Central Asian and South Caucasian Turkish Republics into the Global World
Orta Asya ve Güney Kafkasya’daki Türk Cumhuriyetlerinin Küresel Dünyaya Entegrasyonunun Ekonomi Politiği

• Assoc. Prof. Dr. Özlem Arzu Azer (Istanbul Beykent University, Türkiye)

Abstract

With the dissolution of Soviet Union, former Soviet Republics’ central planned economy transformed into free market economy and structural reforms were made as parallel of this development. These former socialist countries have some diffficulties to adopt capitalism due to absence of some fundamental feautures of capitalism and inheritance of Soviet Union. Ending big threat of communism, the jeo-strategical importance of the region increased for the West because these countries own the oil and gas resources besides they are starting point or transit country of the energy pipelines. However, these transition countries could not develop economically and poverty became the major problem for most of Central Asian and South Caucasian Turkic Republics. As economic problems lead weakness of governance, ethnical conflicts and border conflicts threat these new independent countries. The region seems in the center of war for power due to rich natural resources and pipelines as well as the connection point to Afghanistan and being the exit to the Black Sea. This paper seeks economic situations of Central Asian and South Caucasian Turkic Republics which jeo-strategical importance increased due to natural resources and geographic location during Post Cold-War era. This work is based on statistical data provided by United Nations Commodity Trade Statistics Database (COMTRADE), United Nations Conference on Trade and Development (UNCTAD) and International Monetary Fund (IMF), covering the period of 1990-2008 and contains Azerbaijan, Kyrgyzstan, Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan.

JEL codes: D74, F59, P20

Azer, Özlem Arzu (2011). "Political and Economic Integration of the Central Asian and South Caucasian Turkish Republics into the Global World" in Proceedings of International Conference of Eurasian Economies 2011, pp.30-35, Bishkek, KYRGYZSTAN.

DOI: https://doi.org/10.36880/C02.00244

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Session 1B: Uluslararası İlişkiler