Despite a common parentage for most of the twentietch century, Uzbekistan and Kazakhstan followed seemingly different paths in the transition to a market economy. Uzbekistan adopted a cautious gradual approach to market reform, while Kazakhstan followed a more aggresive strategy. But has...

Despite a common parentage for most of the twentieth century, Uzbekistan and Kazakhstan followed seemingly different paths in the transition to a market economy. Uzbekistan adopted a cautious, gradual approach to market reform, while Kazakhstan followed a more aggressive strategy. But has...

Uzbekistan adopted a cautious, gradual approach to market reform. Kazakhstan followed a more aggressive strategy. But while Kazakhstan may have achieved a better policy environment, its economic performance has not been better than Uzbekistan's. The authors examine the interplay between...