Uzbekistan and Kazakhstan: A Tale of Two Transition Paths [book]

Arup Banerji, Asad Alam
1999 Policy Research Working Papers  
Despite a common parentage for most of the 20 th century, Uzbekistan and Kazakhstan followed seemingly different paths in transition. Whereas Uzbekistan adopted a gradual and cautious approach to market reforms, Kazakhstan followed a more aggressive strategy. Yet, while Kazakhstan may have achieved a better policy environment today, its overall economic performance has not been better than Uzbekistan's. This paper examines the interplay between policies, institutions, and initial conditions, to
more » ... examine several competing and complementary hypotheses about why they may have led to different macroeconomic outcomes.
doi:10.1596/1813-9450-2472 fatcat:zqfkafxenjb3laia7hjrjtq32i