Resource-Rich Transition Economies

Authored by: Richard Pomfret

Handbook of the Economics and Political Economy of Transition

Print publication date:  April  2013
Online publication date:  May  2013

Print ISBN: 9780415591126
eBook ISBN: 9780203067901
Adobe ISBN: 9781135080877


 Download Chapter



This contribution analyses the experience of the resource-rich southern Commonwealth of Independent States (CIS) countries and Mongolia during the transition. The seven countries faced similar challenges in the early 1990s: nation-building, transition from central planning, and realizing their resource wealth. Mongolia, as a nominally sovereign state and only informally the ‘sixteenth’ Soviet republic, faced an easier political task and could tackle macroeconomic problems (i.e. high inflation) faster. Tajikistan experienced civil war and Azerbaijan fought an interstate war against Armenia, while the other four Central Asian republics had a peaceful path to independence, with the Communist First Secretary becoming in each case the national President.

Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.