Divergent paths, divergent outcomes

Linking differences in economic reform to levels of US foreign direct investment and business in Kazakhstan and Uzbekistan

Bibliographic Data

ID11450883
AuthorsPamela Blackmon (Engineering Arts (United States), corresponding author)
Year2007
Volume26
Issue3
Pages355-372
Publication date2007-09-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCentral Asian Survey (JOURNAL)
Journal identifiersISSN: 0263-4937 • E-ISSN: 1465-3354
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/02634930701702563
OpenAlexW2072219672
LanguageEN
Citations received2

This article compares two transition economies that have diverged in their progress on important economic reform areas and then seeks to link these differences to their resulting levels of investment and business. For this study, interviews were conducted with firm representatives that had invested or conducted business in Kazakhstan and Uzbekistan in order to determine the areas of reform that were the most important for their investment and business decisions. The analysis indicates a relationship between Kazakhstan's advanced economic reforms in such areas as foreign investment legislation, tax legislation, banking system reform, and higher levels of investment and business. Uzbekistan's lack of progress in these reform areas has affected the level of investment in the country, but not the number of firms conducting business. This was primarily because firms could secure financing for the business through the US Export–Import Bank

Business · Economic policy · Economic reform · Economic system · Economics · Foreign direct investment · International economics · Investment (military · Legislation · Macroeconomics · Market economy · Order (exchange · Political science · Politics · Global trade and economics · Natural Resources and Economic Development · Russia and Soviet political economy · Finance

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