|
on Central and Western Asia |
|
Issue of 2023‒02‒13
five papers chosen by |
| By: | Mohammad Farhadi (Academy of Sciences of the Republic of Tajikistan) |
| Abstract: | The present study seeks to make a comparative study of the opportunities & threats of Turkish & Russian economic projects in Central Asia for Iran. Therefore, using the content analysis method & the theme matrix type by performing indirect observation (analysis of texts), research data are collected as a purposeful sampling method from existing texts & through thematic coding, themes, opportunities & project threats. The economic relations of Russia & Turkey in Central Asia were identified for Iran & finally compared & analyzed in terms of commonalities & differences. Findings showed that the common denominator of Turkish & Russian economic plans in Central Asia for Iran in terms of opportunity is to increase Iran's geopolitical importance & expand Iran's relations with countries involved in these economic plans. In addition, the difference between Russian & Turkish economic plans in Central Asia for Iran in terms of threat, having negative political & economic consequences due to the implementation of Russian economic plans, inconsistency of Iran & Turkey development policies in Central Asia & weakening Iran's position due to Turkey is pursuing Occidentalism policies in the region. In order to validate the qualitative findings, the audit method & the formation of a focal group have been used for its reliability & the reproducibility as well as the transferability or generalizability. |
| Keywords: | Economic Projects, Central Asia, China, India, Iran |
| Date: | 2022–12–21 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-03912864&r=cwa |
| By: | Shumaila Yousafzai |
| Date: | 2023 |
| URL: | https://d.repec.org/n?u=RePEc:asx:nugsbd:2023-17&r=cwa |
| By: | Sahakyan, Mher |
| Abstract: | Yerevan needs to create concrete and real road map for developing its relations with Beijing. China is a young, eastern superpower of the World, which provides tremendous investments. It is already in the neighborhood of Armenia, but Armenian diplomacy still was not able to bring any Chinese serous investment to Armenia. Armenia is also a member of EAEU, which provides an opportunity to Yerevan to implement its policy towards Beijing in multilateral level as well, using the fact that Russia and China decided in 2015 to conjunct EAEU and China’s BRI and that the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the People’s Republic of China was signed on May 17, 2018 in Astana. According to this document, the Parties agreed to develop cooperation in agriculture, energy, transport, industrial cooperation, information and communication infrastructure, technology and innovation, finance, and environment. Thus, Armenia needs to investigate the opportunities that this agreement provides to boost the Sino-Armenian relations bilaterally as well as multilaterally. Statistics provided by China’s General Administration of Customs shows that the volume of trade between the two economies totaled US $994 million in 2020, of which US $222 million was Armenia’s export to China and US $772 was its import from that country. Therefore, Armenia has a negative balance with its bilateral trade with China. The other worrying moment in this trade relations is also that, as the Ministry of Foreign Affairs of Armenia, China’s imports from Armenia are mostly minerals, while China exports clothes, shoes, machinery, chemicals, equipment, construction materials and food to Armenia. To conclude, Yerevan needs to find ways and negotiate with China so that the latter increases purchases of different goods already produced in Armenia, not only minerals. |
| Date: | 2021–11–10 |
| URL: | https://d.repec.org/n?u=RePEc:osf:thesis:ca4fy&r=cwa |
| By: | Ezequiel Cabezon; Moayad Al Rasasi |
| Abstract: | Uzbekistan has significantly improved its monetary policy framework during 2017-21. Nevertheless, the transition to inflation targeting is challenging as the country is going through a period of deep structural reforms. Therefore, the Central Bank of Uzbekistan (CBU) will have to monitor structural reforms and calibrate monetary policy accordingly. This paper identifies institutional and structural gaps, and assesses the effectiveness of monetary policy transmission. Institutional gaps are assessed using institutional indexes while transmission is assessed using VARs. It concludes that in the coming years, reforms will need to continue, to further improve the CBU’s governance and independence, develop financial markets, but most of all to reduce the still large footprint of the state in the financial sector as well as in the overall economy. |
| Keywords: | Uzbekistan; Inflation targeting; Monetary policy; post inflation targeting implementation; monetary policy outcome; monetary policy transmission; inflation targeting condition; transition to inflation targeting; transmission mechanism; Central bank policy rate; Inflation; Dollarization; Currency markets; Global; Central Asia and the Caucasus |
| Date: | 2022–11–18 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imfwpa:2022/229&r=cwa |
| By: | Jannat Salimova-Tekay (Emerging markets infrastructure finance professional) |
| Abstract: | This study assesses the landscape of Kazakhstan’s infrastructure financing. It starts with an analysis of the investment needs in the various sectors of infrastructure. It then proceeds with an assessment of the financing sources available to Kazakhstan in addressing these investment needs. Following an analysis of the challenges in developing infrastructure in Kazakhstan, the paper outlines the opportunities and modalities to expanding infrastructure finance and offers recommendations to unlock them. |
| Keywords: | Kazakhstan, infrastructure, public-private partnership, PPP, SDGs, planning, tariff regulation, privatization |
| JEL: | H54 H60 |
| Date: | 2022–03 |
| URL: | https://d.repec.org/n?u=RePEc:unt:wpmpdd:wp/22/02&r=cwa |