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Commonwealth of Independent States Transformation: Moving from Stagnation to Semi-Periphery

Author

Listed:
  • Ikhtiyor Rasulov

    (Department of Global Diaspora Studies, Chonnam National University)

  • Jin-I Ha

    (Department of Global Diaspora Studies, Chonnam National University)

  • Aidana Zhumagulova

    (Department of Global Diaspora Studies, Chonnam National University)

  • Nindya Dhaneswara

    (Department of Global Diaspora Studies, Chonnam National University)

Abstract

This study examines the post-Soviet states, emphasizing the divergent developments in the Baltic states and the Commonwealth of Independent States (CIS), with a specific focus on Uzbekistan. It highlights the central role of regional cooperation and integration as key drivers of economic growth. The success of the Baltic states is attributed to strong regional cooperation, consistent economic policies, and cultural similarities, while CIS members struggle with challenges related to political instability and security risks. The study challenges the conventional assumption that full market liberalization is the sole catalyst for economic growth and emphasizes the significance of active state involvement in promoting regional integration. The findings suggest the need for a nuanced approach to managing political instability, promoting regional cooperation, and balancing market liberalization and state control to enhance economic performance. Recent developments in Uzbekistan, including the eradication of black markets, bolstering regional connections, and attracting more foreign investment, indicate the potential for substantial economic growth.

Suggested Citation

  • Ikhtiyor Rasulov & Jin-I Ha & Aidana Zhumagulova & Nindya Dhaneswara, 2024. "Commonwealth of Independent States Transformation: Moving from Stagnation to Semi-Periphery," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 294-299, March.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:3:p:294-299
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    References listed on IDEAS

    as
    1. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    2. Tiiu Paas & Helen Poltimäe, 2010. "A Comparative Analysis Of National Innovation Performance: The Baltic States In The Eu Context," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 78, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    3. Marek Dabrowski, 2020. "Transition to a market economy: A retrospective comparison of China with countries of the former Soviet block," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 70(s), pages 15-45, September.
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