Informal Markets and Trade in Central Asia and the Caucasus

Informal Markets and Trade in Central Asia and the Caucasus

Author: Susanne Fehlings

Publisher: Routledge

Published: 2022-04-11

Total Pages: 195

ISBN-13: 1000594025

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This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.


Book Synopsis Informal Markets and Trade in Central Asia and the Caucasus by : Susanne Fehlings

Download or read book Informal Markets and Trade in Central Asia and the Caucasus written by Susanne Fehlings and published by Routledge. This book was released on 2022-04-11 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.

Measuring the Informal Economy in the Caucasus and Central Asia

Measuring the Informal Economy in the Caucasus and Central Asia

Author: Mr.Yasser Abdih

Publisher: International Monetary Fund

Published: 2013-05-31

Total Pages: 18

ISBN-13: 1484334485

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This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional quality, and excessive regulation in financial and products markets are determinant factors in explaining the size of the informal economy, which ranges from 26 percent of GDP in Kyrgyz Republic to around 35 percent of GDP in Armenia. Furthermore, the results show that higher levels of informality increase the levels of self employment and the percentage of currency held outside the banking system.


Book Synopsis Measuring the Informal Economy in the Caucasus and Central Asia by : Mr.Yasser Abdih

Download or read book Measuring the Informal Economy in the Caucasus and Central Asia written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2013-05-31 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional quality, and excessive regulation in financial and products markets are determinant factors in explaining the size of the informal economy, which ranges from 26 percent of GDP in Kyrgyz Republic to around 35 percent of GDP in Armenia. Furthermore, the results show that higher levels of informality increase the levels of self employment and the percentage of currency held outside the banking system.

Traders, Informal Trade and Markets between the Caucasus and China

Traders, Informal Trade and Markets between the Caucasus and China

Author: Susanne Fehlings

Publisher: Springer Nature

Published: 2022-12-01

Total Pages: 358

ISBN-13: 9811952051

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The book is about the economic practices of traders and businesspeople from the Caucasus and China who work in local bazaars in Tbilisi and Beijing. It describes their activities, their motivations, their socio-cultural backgrounds, their work environments, and their interactions with one another. Contributing to a broader debate on the nature and role of informal economic practices in the post-Soviet periphery and processes of “globalization from below”, the book aims at providing a thick description of the embeddedness of bazaar traders’ economic behaviors and strategies in local and global political, economic, and cultural contexts, markets and supply chains.


Book Synopsis Traders, Informal Trade and Markets between the Caucasus and China by : Susanne Fehlings

Download or read book Traders, Informal Trade and Markets between the Caucasus and China written by Susanne Fehlings and published by Springer Nature. This book was released on 2022-12-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is about the economic practices of traders and businesspeople from the Caucasus and China who work in local bazaars in Tbilisi and Beijing. It describes their activities, their motivations, their socio-cultural backgrounds, their work environments, and their interactions with one another. Contributing to a broader debate on the nature and role of informal economic practices in the post-Soviet periphery and processes of “globalization from below”, the book aims at providing a thick description of the embeddedness of bazaar traders’ economic behaviors and strategies in local and global political, economic, and cultural contexts, markets and supply chains.

The Caucasus and Central Asia

The Caucasus and Central Asia

Author: International Monetary Fund. Middle East and Central Asia Dept.

Publisher: International Monetary Fund

Published: 2014-04-10

Total Pages: 87

ISBN-13: 1484305140

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The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-—on average by 7 percent over 1996–2011—-than those in many other regions of the world and poverty has declined. Inflation has come down sharply from high rates in the 1990s and interest rates have fallen. Financial sectors have deepened somewhat, as evidenced by higher deposits and lending. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable as the crisis washed across the region. CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth.


Book Synopsis The Caucasus and Central Asia by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book The Caucasus and Central Asia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-04-10 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-—on average by 7 percent over 1996–2011—-than those in many other regions of the world and poverty has declined. Inflation has come down sharply from high rates in the 1990s and interest rates have fallen. Financial sectors have deepened somewhat, as evidenced by higher deposits and lending. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable as the crisis washed across the region. CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth.

Good Jobs for Inclusive Growth in Central Asia and the South Caucasus

Good Jobs for Inclusive Growth in Central Asia and the South Caucasus

Author:

Publisher: Asian Development Bank

Published: 2019-02-01

Total Pages: 191

ISBN-13: 9292615114

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This study explores prospects for inclusive growth in the Central Asia and the South Caucasus region and highlights the central role played by the creation of good jobs. The study reviews economic performance in the region and discusses prospects through 2030, introducing two growth scenarios related to the adoption of structural reforms for creating good jobs and inclusive growth. It also highlights the importance of adopting a full policy reform scenario.


Book Synopsis Good Jobs for Inclusive Growth in Central Asia and the South Caucasus by :

Download or read book Good Jobs for Inclusive Growth in Central Asia and the South Caucasus written by and published by Asian Development Bank. This book was released on 2019-02-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores prospects for inclusive growth in the Central Asia and the South Caucasus region and highlights the central role played by the creation of good jobs. The study reviews economic performance in the region and discusses prospects through 2030, introducing two growth scenarios related to the adoption of structural reforms for creating good jobs and inclusive growth. It also highlights the importance of adopting a full policy reform scenario.

Mobilities, Boundaries, and Travelling Ideas

Mobilities, Boundaries, and Travelling Ideas

Author: Manja Stephan-Emmrich

Publisher: Saint Philip Street Press

Published: 2020-10-09

Total Pages: 0

ISBN-13: 9781013290497

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This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates.Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome 'territorial containers' such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries.Structured by the four themes 'crossing boundaries', 'travelling ideas', 'social and economic movements' and 'pious endeavours', this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what 'global' means today.Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.


Book Synopsis Mobilities, Boundaries, and Travelling Ideas by : Manja Stephan-Emmrich

Download or read book Mobilities, Boundaries, and Travelling Ideas written by Manja Stephan-Emmrich and published by Saint Philip Street Press. This book was released on 2020-10-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates.Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome 'territorial containers' such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries.Structured by the four themes 'crossing boundaries', 'travelling ideas', 'social and economic movements' and 'pious endeavours', this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what 'global' means today.Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.

Mobilities, Boundaries, and Travelling Ideas

Mobilities, Boundaries, and Travelling Ideas

Author: Manja Stephan-Emmrich

Publisher: Open Book Publishers

Published: 2018-04-17

Total Pages: 380

ISBN-13: 1783743360

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This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates. Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome ‘territorial containers’ such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries. Structured by the four themes ‘crossing boundaries’, ‘travelling ideas’, ‘social and economic movements’ and ‘pious endeavours’, this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what ‘global’ means today. Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies.


Book Synopsis Mobilities, Boundaries, and Travelling Ideas by : Manja Stephan-Emmrich

Download or read book Mobilities, Boundaries, and Travelling Ideas written by Manja Stephan-Emmrich and published by Open Book Publishers. This book was released on 2018-04-17 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates. Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome ‘territorial containers’ such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries. Structured by the four themes ‘crossing boundaries’, ‘travelling ideas’, ‘social and economic movements’ and ‘pious endeavours’, this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what ‘global’ means today. Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies.

Engaging Central Asia

Engaging Central Asia

Author: Bhavna Dave

Publisher: CEPS

Published: 2008

Total Pages: 196

ISBN-13: 929079707X

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"In July 2007, the European Union initiated a fundamentally new approach to the countries of Central Asia. The launch of the EU Strategy for Central Asia signals a qualitative shift in the Union's relations with a region of the world that is of growing importance as a supplier of energy, is geographically situated in a politically sensitive area - between China, Russia, Iran, Afghanistan and the south Caucasus - and contains some of the most authoritarian political regimes in the world. In this volume, leading specialists from Europe, the United States and Central Asia explore the key challenges facing the European Union as it seeks to balance its policies between enhancing the Union's energy, business and security interests in the region while strengthening social justice, democratisation efforts and the protection of human rights. With chapters devoted to the Union's bilateral relations with Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan and to the vital issues of security and democratisation, 'Engaging Central Asia' provides the first comprehensive analysis of the EU's strategic initiative in a part of the world that is fast emerging as one of the key regions of the 21st century."--BOOK JACKET.


Book Synopsis Engaging Central Asia by : Bhavna Dave

Download or read book Engaging Central Asia written by Bhavna Dave and published by CEPS. This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In July 2007, the European Union initiated a fundamentally new approach to the countries of Central Asia. The launch of the EU Strategy for Central Asia signals a qualitative shift in the Union's relations with a region of the world that is of growing importance as a supplier of energy, is geographically situated in a politically sensitive area - between China, Russia, Iran, Afghanistan and the south Caucasus - and contains some of the most authoritarian political regimes in the world. In this volume, leading specialists from Europe, the United States and Central Asia explore the key challenges facing the European Union as it seeks to balance its policies between enhancing the Union's energy, business and security interests in the region while strengthening social justice, democratisation efforts and the protection of human rights. With chapters devoted to the Union's bilateral relations with Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan and to the vital issues of security and democratisation, 'Engaging Central Asia' provides the first comprehensive analysis of the EU's strategic initiative in a part of the world that is fast emerging as one of the key regions of the 21st century."--BOOK JACKET.

The Informal Economy in Sub-Saharan Africa

The Informal Economy in Sub-Saharan Africa

Author: Leandro Medina

Publisher: International Monetary Fund

Published: 2017-07-10

Total Pages: 31

ISBN-13: 1484309030

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The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.


Book Synopsis The Informal Economy in Sub-Saharan Africa by : Leandro Medina

Download or read book The Informal Economy in Sub-Saharan Africa written by Leandro Medina and published by International Monetary Fund. This book was released on 2017-07-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.

The New Silk Road Diplomacy

The New Silk Road Diplomacy

Author: Hasan H. Karrar

Publisher: UBC Press

Published: 2010-07-01

Total Pages: 275

ISBN-13: 077485894X

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With the collapse of the Soviet Union in 1991, independent states such as Kazakhstan sprang up along China's western frontier. Suddenly, Beijing was forced to confront internal challenges to its authority at its border as well as international competition for energy and authority in Central Asia. Hasan Karrar traces how China cooperated with Russia and the Central Asian republics to stabilize the region, facilitate commerce, and build an energy infrastructure to import the region's oil. While China's gradualist approach to Central Asia prioritized multilateral diplomacy, it also brought Beijing into direct competition with the United States, which views Central Asia as vital to its strategic interests.


Book Synopsis The New Silk Road Diplomacy by : Hasan H. Karrar

Download or read book The New Silk Road Diplomacy written by Hasan H. Karrar and published by UBC Press. This book was released on 2010-07-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the collapse of the Soviet Union in 1991, independent states such as Kazakhstan sprang up along China's western frontier. Suddenly, Beijing was forced to confront internal challenges to its authority at its border as well as international competition for energy and authority in Central Asia. Hasan Karrar traces how China cooperated with Russia and the Central Asian republics to stabilize the region, facilitate commerce, and build an energy infrastructure to import the region's oil. While China's gradualist approach to Central Asia prioritized multilateral diplomacy, it also brought Beijing into direct competition with the United States, which views Central Asia as vital to its strategic interests.