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China, The United States, and the Future of Central AsiaU.S.-China Relations, Volume I$
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David B.H. Denoon

Print publication date: 2015

Print ISBN-13: 9781479844333

Published to NYU Press Scholarship Online: March 2016

DOI: 10.18574/nyu/9781479844333.001.0001

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PRINTED FROM NYU Press SCHOLARSHIP ONLINE (www.nyu.universitypressscholarship.com). (c) Copyright University of NYU Press Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NYSO for personal use.date: 12 April 2021

Walls and Windmills

Walls and Windmills

Economic Development in Central Asia

Chapter:
(p.20) 2 Walls and Windmills
Source:
China, The United States, and the Future of Central Asia
Author(s):

Nazgul Jenish

Publisher:
NYU Press
DOI:10.18574/nyu/9781479844333.003.0002

This chapter examines recent developments in the socioeconomic situation in the five Central Asian states of the former Soviet Union, with a particular focus on the relations of these countries with China. Over the last decade, the Central Asian countries have seized geo-economic opportunities presented by their proximity to China, drastically expanding their trade with the country. However, the remarkable growth of the Central Asian economies has largely been driven by the surging global demand and price of commodities. Central Asian exports are dominated by few primary commodities, and their industries show little sign of diversification and sophistication. Thus, the highly skewed structure of the Central Asian economies makes them vulnerable to volatility in the commodity markets and may hinder their future economic development.

Keywords:   Central Asian states, Soviet Union, China, Central Asian economies, commodity markets

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