Connecting Central Asia with Economic Centers: Interim Report

Publication | April 2014

This interim report of the Asian Development Bank Institute (ADBI) study focuses on the five Central Asian economies: Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.

The aim of the study is to examine the pattern of economic relations between the five Central Asian economies—Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan—and major economic centers since their transition to a market economy in the early 1990s, highlight emerging challenges, and explore policy implications. It considers trade ties, foreign direct investment and financial flows, migration and remittances, and institutional cooperation between Central Asian economies and major economic centers such as Asia, the European Union, the Russian Federation, and the United States.

This is the first empirical study of Central Asian economies conducted by ADBI. Based largely on research and analysis of data, interactions with regional experts, and a technical workshop in Tokyo, it is intended as a stocktaking exercise for future ADBI research on the economic development of Central Asia.


  • Macroeconomic Overview of Central Asia
  • Trade Ties between Central Asia and Economic Centers
  • Foreign Direct Investment Links
  • Financial, Infrastructure, Institutional, and Other Links
  • Policy Implications and Conclusions
  • Appendixes
  • References