Russia’s invasion of Ukraine has accelerated global dynamics that profoundly impact the post-Soviet South. Relations with Russia are still strong, but the former subalterns are raising their voices. The empowerment is most visible in their foreign relations, but also tends to strengthen...

Armenia, Georgia, the Kyrgyz Republic, and Tajikistan have all experienced substantial out-migration of workers and an associated inflow of workers' remittances over the past two decades. These four countries have much higher human capital, as measured by the Human Capital Index, than is typical...

The paper reviews labor market developments in the transition economies of Europe and Central Asia. It argues that the scarcity of productive job opportunities and the growing labor market segmentation are the two main labor market problems facing the transition economies. In the European...

The present study investigates the effect of regional and bilateral trade agreements supported by institutional framework on bilateral trade between India and selected South and Central Asian countries. The augmented gravity model that corrects for zero trade, endogeneity and heterogeneity is...

Income convergence refers to the idea that poor countries grow more quickly than rich ones and catch up in terms of per capita income; as a result, the per capita income of integrated nations eventually converges. Beta convergence suggests that less developed nations grow more quickly than more...

Production and export diversification expose firms to domestic and international competition, which enhances productivity and ultimately drives a country's structural transformation from agriculture to industry to services. This structural transformation is accompanied by a spatial...

Transportation corridors and reduced trade costs are essential to develop Central Asia Regional Economic Cooperation (CAREC) countries' foreign trade. However, to intensify intra-CAREC trade as well as the region's global exports, the product portfolio of CAREC countries' industry and...

Social protection, especially health care systems for the poor, is essential to reduce inequality. Health-related shocks, such as death or severe sickness, can affect households' budgets significantly and create serious household trauma, leading to higher possibilities of them falling into...

The nexus of the modes of financing, trade, and transport-related infrastructure, quantum of trade activities, and economic growth is the core area of this paper. It covers the impacts of regional economic integration of Central Asia Regional Economic Cooperation (CAREC) member countries on...

Since "Belt and Road initiative" (BRI) has been launched, the major volume of academic studies focus on the consideration of Eurasian land and maritime transport routes. Experts on Chinese foreign policy and geopolitical strategy emphasize possible positive and negative aspects of the initiative...