ABSTRACT: Since gaining independence, Central Asian countries have created and joined
many regional economic organizations. It is not clear whether these organizations, especially
the Eurasian Economic Community (EurAsEC), have boosted integration of this region. In
this paper, I conclude that exports of Central Asian countries have benefited from integration
but EurAsEC has failed to live up to the expectations of its member states. This is due
mainly to the different levels of economic development, defective industrial structures, and
poor marketization in EurAsEC member states. At present, an initial market-based trade
integration network has formed in Central Asia and has had excellent accomplishments,
but the governments of Central Asian countries have still not realized the network’s function
and advantage.
ABSTRACT: Since gaining independence, Central Asian countries have created and joined
many regional economic organizations. It is not clear whether these organizations, especially
the Eurasian Economic Community (EurAsEC), have boosted integration of this region. In
this paper, I conclude that exports of Central Asian countries have benefited from integration
but EurAsEC has failed to live up to the expectations of its member states. This is due
mainly to the different levels of economic development, defective industrial structures, and
poor marketization in EurAsEC member states. At present, an initial market-based trade
integration network has formed in Central Asia and has had excellent accomplishments,
but the governments of Central Asian countries have still not realized the network’s function
and advantage.
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