Promoting Inclusive Growth in the Caucasus and Central Asia

Vera-Martín, Mercedes; Fayad, Dominique; Al-Farah, Rayah; Saksonovs, Sergejs; Shi, Wei; Yang, Fang

doi:10.5089/9781498313353.087

Cited by 2 publications

(2 citation statements)

References 3 publications

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“…Tajikistan and the Kyrgyz Republic) [14]. According to the IMF (2014), the countries in the Caucasus and Central Asia have recorded significant macroeconomic achievements since independence.…”

Section: Introductionmentioning

confidence: 99%

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Guliyev

Huseynova

2021

SHS Web of Conf.

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Research background: The disappointing economic results of the global economic crises, which brought macroeconomic instability, increasing inequality, are often understood as results of globalization. In this article, besides the positive effects, the many unavoidable negative impacts of globalization on the South Caucasus and Central Asia region are discussed. It is shown that responsibility for the economic crisis is not entirely globalization but a combination of the raw material based economy, together with incorrect trade policy. In this article, an alternative view of globalization is offered, including diversification policy challenges. It also explores the main tools of dissemination of globalization, which has created many new opportunities for business in the region. Purpose of the article: The aim is to find out to what extent the countries are involved in international integration, comparative analysis transformative impacts of globalization. Methods: The methods of comparative analysis and systematization of scientific approaches were employed. The research contains an analysis of the region’s position in the international trade and investment. Findings & Value added: The region has to concentrate on a new picture of the multipolar world. In the region countries, the processes of globalization were accelerated after the countries became a member of WTO, ADB and integration into the international relations. The findings in general correspond with the trends in emerging markets that the process of globalization is gradually turning into functional mechanism of competitiveness, but there are some differences. The impacts of globalization process are progressively increasing, also there are new unforeseen impacts evolving.

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Section: Introductionmentioning

confidence: 99%

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Guliyev

Huseynova

2021

SHS Web of Conf.

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“…Commodity exports account for 45 to 70 percent of export revenues for SC&CA oil exporters. SC&CA oil importers rely on other commodities for their export revenues (for example, 10 to 20 percent of revenues from nonferrous metals for Armenia and Georgia) or on workers' remittances (in particular, Tajikistan and the Kyrgyz Republic) [14]. According to the IMF (2014), the countries in the Caucasus and Central Asia have recorded significant macroeconomic achievements since independence.…”

Section: Introductionmentioning

confidence: 99%

Transformative Impacts of Globalization on the Economy of South Caucasus and Central Asia

Guliyev

Huseynova²

2021

SSRN Journal

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Research background:The disappointing economic results of the global economic crises, which brought macroeconomic instability, increasing inequality, are often understood as results of globalization. In this article, besides the positive effects, the many unavoidable negative impacts of globalization on the South Caucasus and Central Asia region are discussed. It is shown that responsibility for the economic crisis is not entirely globalization but a combination of the raw material based economy, together with incorrect trade policy. In this article, an alternative view of globalization is offered, including diversification policy challenges. It also explores the main tools of dissemination of globalization, which has created many new opportunities for business in the region. Purpose of the article: The aim is to find out to what extent the countries are involved in international integration, comparative analysis transformative impacts of globalization. Methods: The methods of comparative analysis and systematization of scientific approaches were employed. The research contains an analysis of the region's position in the international trade and investment. Findings & Value added:The region has to concentrate on a new picture of the multipolar world. In the region countries, the processes of globalization were accelerated after the countries became a member of WTO, ADB and integration into the international relations. The findings in general correspond with the trends in emerging markets that the process of globalization is gradually turning into functional mechanism of competitiveness, but there are some differences. The impacts of globalization process are progressively increasing, also there are new unforeseen impacts evolving.

show abstract

Promoting Inclusive Growth in the Caucasus and Central Asia

Cited by 2 publications

References 3 publications

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Transformative Impacts of Globalization on the Economy of South Caucasus and Central Asia

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