Kazakh and Uzbek Economies Diverge

The two most advanced economies among the five post-Soviet Central Asian states have followed very different roads since independence, especially in the pace and degree of economic liberalization. The gap has narrowed somewhat as Kazakhstan and Uzbekistan both took drastic measures to mitigate the effects of the economic crisis, but the essential difference remains and its consequences reach far beyond the sphere of economics.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.