Wednesday, 01 July 2020 00:00

Discovering Opportunities in the Pandemic? Four Economic Response Scenarios for Central Asia Featured

Central Asia-Caucasus Institute & Silk Road Studies Program
Silk Road Paper
July 2020

 

Click to Download PDF 

 

The COVID-19 crisis represents not only an unprecedented economic disruption but also an opportunity for Central Asia. A specific economic policy response may trigger either game-changing reforms that can facilitate the development of full-fledged market institutions or lead to a protracted crisis that would jeopardize almost 30-year long market economy transition progress. As it is rather unclear where the recovery pendulum will make its final swing, the current situation provides fruitful soil for various assumptions. This paper proposes and examines four scenarios of economic response strategies for the region as a whole, and for Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan in particular, that result in unique development trajectories. The paper employs the foresight methodology to build four scenarios related to the situation after the lockdown is fully lifted. The scenarios serve the purpose of helping decision makers to embark on informed decisions while shaping anti-crisis measures and better understand causality mechanisms behind their policy choices.

Scenario 1 (Protectionist Autarky): Stability upheld, limited reforms, increased role of the state and protectionism.

Scenario 2 (Impactful Diversification): Increased social support, augmented role of the private sector, comprehensive diversification and enhanced regionalization.

Scenario 3 (Inertial Asymmetry): Selective support measures, inequality-conducive, restricted diversification and limited reforms, “business-as-usual” commodity market, growing regionalization.  

Scenario 4 (Unleashed Bazaar): Major institutional reforms, FDI-oriented economic openness, leapfrogging from stagnant to advanced emerging markets.

Click to Download PDF  

Read 14947 times Last modified on Monday, 07 December 2020 16:48

isdp

AFPC-Full-Logo

 

News

  • Read CACI Chairman S. Frederick Starr's recent interview on the resurgence of Imperial Russia with The American Purpose
    Tuesday, 23 May 2023 00:00

    Why Russians Support the War: Jeffrey Gedmin interviews S. Frederick Starr on the resurgence of Imperial Russia.

    The American Purpose, May 23, 2023

    Jeffrey Gedmin: Do we have a Putin problem or a Russia problem today?

    S. Frederick Starr: We have a Putin problem because we have a Russia problem. Bluntly, the mass of Russians are passive and easily manipulated—down to the moment they aren’t. Two decades ago they made a deal with Vladimir Putin, as they have done with many of his predecessors: You give us a basic income, prospects for a better future, and a country we can take pride in, and we will give you a free hand. This is the same formula for autocracy that prevailed in Soviet times, and, before that, under the czars. The difference is that this time Russia’s leader—Putin—and his entourage have adopted a bizarre and dangerous ideology, “Eurasianism,” that empowers them to expand Russian power at will over the entire former territory of the USSR and even beyond. It is a grand and awful vision that puffs up ruler and ruled alike.

    What do most Russians think of this deal? It leaves them bereft of the normal rights of citizenship but free from its day-to-day responsibilities. So instead of debating, voting, and demonstrating, Russians store up their frustrations and then release them in elemental, often destructive, and usually futile acts of rebellion. This “Russia problem” leaves the prospect of change in Russia today in the hands of alienated members of Putin’s immediate entourage, many of whom share his vision of Russia’s destiny and are anyway subject to Putin’s ample levers for control. Thus, our “Putin problem” arises from our “Russia problem.”

    Click to continue reading...

  • CACI director Svante Cornell's interviewed on the 'John Batchelor Show' podcast regarding Turkey's 2023 presidential election
    Friday, 19 May 2023 00:00

    Listen to CACI director Svante Cornell's recent interview on the 'John Batchelor Show' podcast regarding Turkey's 2023 presidential election. Click here!

  • New Article Series on Changing Geopolitics of Central Asia and the Caucasus
    Wednesday, 24 November 2021 11:53

    Eurasia

  • CACI Initiative on Religion and the Secular State in Central Asia and the Caucasus
    Sunday, 24 January 2021 13:53

    In 2016, the Central Asia-Caucasus Institute & Silk Road Studies Program launched an initiative on documenting the interrelationship of religion and the secular state in the region. This initiative departed from the fact that little systematic reserch had been undertaken on the subject thus far. While there was and remains much commentary and criticism of religious policy in the region, there was no comprehensive analysis available on the interrelationship of religion and the state in any regional state, let alone the region as a whole. The result of this initiative has been the publication of six Silk Road Papers studying the matter in regional states, with more to come. In addition, work is ongoing on a volume putting the regional situation in the context of the Muslim world as a whole.

     

    Case Studies

    Each study below can be freely downloaded in PDF format.

    az-formula-SRSP

    Azerbaijan's Formula: Secular Governance and Civil Nationhood
    By Svante E. Cornell, Halil Karaveli, and Boris Ajeganov
    November 2016   




    2018-04-Kazakhstan-SecularismReligion and the Secular State in Kazakhstan
    By Svante E. Cornell, S. Frederick Starr and Julian Tucker
    April 2018

     

     

     

    1806-UZ-coverReligion and the Secular State in Uzbekistan
    Svante E. Cornell and Jacob Zenn
    June 2018

     

     

     

    2006-Engvall-coverReligion and the Secular State in Kyrgyzstan
    Johan Engvall
    June 2020

     Event video online

     

    2006-Clement-coverReligion and the Secular State in Turkmenistan
    Victoria Clement
    June 2020

    Event video online

     

     

     

    Articles and Analyses

    Svante E. Cornell, "Religion and the State in Central Asia," in Ilan Berman, ed., Wars of Ideas: Theology, Interpretation and Power in the Muslim World, Lanham, MD: Rowman & Littlefield, 2021.

    Svante E. Cornell, "Central Asia: Where Did Islamic Radicalization Go?" in Religion, Conflict and Stability in the Former Soviet Union, eds. Katya Migacheva and Bryan Frederick, Arlington, VA: RAND Corporation, 2018.