Asian Journal of Research in Business Economics and Management

  • Year: 2014
  • Volume: 4
  • Issue: 6

Growth and Trade Potential of Central Asian Countries since their Independence

  • Author:
  • Surinder Kumar Singla, Heena Goel
  • Total Page Count: 19
  • DOI:
  • Page Number: 74 to 92

School of Commerce & Economics, Lovely Professional University, Jalandhar, Punjab, India

Abstract

Central Asian Economies have experienced development and trend of positive foreign trade flows after their independence in 1991. The extraction of natural resources and agriculture production were the main causes of development of these five stans. The countries like Turkey, India, China, Pakistan and United States are now concentrating on this region due to its abundant natural resources. The study is partitioned into four sections: First section contains introduction of five independent economies and the general methodology used in the present study. Second section examines economies’ GDP growth, inflation and the pattern of merchandise trade in Central Asian region. Third section evaluates the growth and pattern of merchandise trade in Central Asia at country level and the last section summarize the present study.

Keywords

Dissolution of the USSR, Natural resources, Inflation, Landlocked countries, Merchandise Trade