Copy For Citation
Çatalbaş N.
2nd International Symposium on Public Finance: Recent Fiscal Problems in Transition Economics, Manas Üniversitesi, Bişkek, 24/10/2007, Bishkek, Kyrgyzstan, 24 - 28 October 2007, (Summary Text)
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Publication Type:
Conference Paper / Summary Text
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City:
Bishkek
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Country:
Kyrgyzstan
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Anadolu University Affiliated:
Yes
Abstract
The Republics in Central
Asia and Caucasia declared their
independence following the collapse of the Union of Soviet Socialist Republics
and started the process of transition from central planned economy to market
economy. In this process, different strategies were adopted
because of the high cost of this transition process for the countries in financial,
political and social respects. These countries experienced significant
problems in their economies in the first years of their separation from USSR. These problems and other factors caused these countries to
find new regional and global alternatives. Developed countries as well as international
economic institutions such as the International Monetary Fund (IMF) and the
World Trade Organization (WTO) played an important role in the development of
global relationships. While WTO has the leading role
in the liberalization of trade in global respect, regional trade
agreements stand in the forefront in regional respect. Among the countries in
the region, Kyrgyzstan
is the only member of WTO. Negotiations for the participation of other
countries (except for Turkmenistan)
are still in progress. It is also quite important to overcome the obstacles
that might hinder foreign trade in the process of the integration of the
economies in the region with the capitalist world. The countries in the region have hesitant about the liberalization of the
global trade due to their own economical, political and social structures, yet
they favor integration and cooperation through regional trade agreements.