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Central Asia and China: Financial Development through Cooperation with Russia

In: Asia-Pacific Contemporary Finance and Development

Author

Listed:
  • Bruno S. Sergi
  • Elena G. Popkova
  • Natalia Vovchenko
  • Marina Ponomareva

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.

Suggested Citation

  • Bruno S. Sergi & Elena G. Popkova & Natalia Vovchenko & Marina Ponomareva, 2019. "Central Asia and China: Financial Development through Cooperation with Russia," International Symposia in Economic Theory and Econometrics, in: Asia-Pacific Contemporary Finance and Development, volume 26, pages 141-164, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:isetez:s1571-038620190000026008
    DOI: 10.1108/S1571-038620190000026008
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    More about this item

    Keywords

    financial resources for development; socioeconomic development; cooperation; Central Asia; China; Russia; N25; O12; O16; O19; O53;
    All these keywords.

    JEL classification:

    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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