Tag Archives | Central Asia Blog, Economics, Industry and trade, TransportBlog, Economics, Industry and trade, Private sector development, TransportEconomics, Industry and trade, Regional cooperation and integrationIndustry and trade, Regional cooperation and integration
Infrastructure investment key to unlocking emerging Asia-Europe trade corridor
By Dina Azhgaliyeva and Yelena Kalyuzhnova. Posted November 5, 2021
Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.
Infrastructure investment to spur firm performance in Central Asia
By Dina Azhgaliyeva, Ranjeeta Mishra and Kamalbek Karymshakov. Posted October 15, 2021
Effective infrastructure projects not only construct infrastructure, such as roads, railways, water supply, and electricity, but can boost economic growth in the surrounding region through “spillover effects” (Yoshino, Azhgaliyeva, and Mishra 2021). The infrastructure benefits firms by lowering costs and improving connectivity and the ease of doing business, leading to greater sales and exports.
Time for SMEs in CAREC to move beyond borders
By Ayumi Konishi. Posted August 1, 2017
One of the most daunting challenges for the countries participating in the Central Asia Regional Economic Cooperation (CAREC) program is how to create decent, sustainable jobs. For far too long, many CAREC countries have relied on the capital-intensive extractives sector to drive their economic growth. However, the slowing down of the global economic growth and reduced commodity prices resulted in the substantial increase in unemployment, especially among the youth.
A snapshot of e-commerce in Central Asia
By Alisa DiCaprio and Jeff Procak. Posted February 5, 2016
In 2015, Central Asia made some important improvements in the environment for cross-border e-commerce: Kazakhstan's accession to the World Trade Organization (WTO) will boost commercial transparency, while the Kyrgyz Republic’s membership in the Eurasian Customs Union expands its consumer base. Why e-commerce? Two reasons. First, e-commerce reduces the cost of distance. Central Asia is the highest trade cost region in the world: vast distances from major markets make finding buyers challenging, shipping goods slow, and export prices high. Second, e-commerce can help pull in populations that are traditionally under-represented in export markets such as women, small businesses and rural entrepreneurs.
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