Central Asian economic development and the implications for social and political stability – the role of the EBRD

2003 ◽  
Vol 14 (3) ◽  
pp. 233-241 ◽  
Author(s):  
Jean Lemierre
Author(s):  
Julie McFarlane

What is entrepreneurship? Since the turn of the century, there has been increased global interest in entrepreneurship both by individual theorists and by institutions. This is significant because over the last quarter of a century there has been a remarkable renaissance in terms of the recognition of small firms’ “centrality as a necessary competitive instrument in the development of a modern, vibrant and progressive economy” (Beaver and Prince, 2004, p. 34). The economics literature acknowledges the central role of entrepreneurs in economic development, the creation of wealth and evolutionary change. In the United Kingdom alone, over 5.2 million businesses are operating as of 2015; of those, 99% are SMEs, accounting for 14.5 million people in employed positions (Federation of Small Business, 2015). The literature suggests that it is entrepreneurs who are the driving force of such a revolution, in the form of an economic trend that is transforming and in some cases renewing economies worldwide, contributing not only to employment but also to economic, social and political stability. Therefore, it is vital to develop an understanding of the complex field of entrepreneurship by drawing on the early entrepreneurship literature, and by evaluating and understanding the wider contributions to the now-established distinctive economic theories of the entrepreneur.


2018 ◽  
Vol III (IV) ◽  
pp. 17-30
Author(s):  
Saadia Beg ◽  
Tasawar Baig ◽  
Asif Khan

Recent history of international relations suggests that economic interdependence largely contributes to the mitigation of the major political conflicts in the world. CPEC, a flagship mega development project of Belt and Road Initiative (BRI), has not only initiated massive development projects in Pakistan, which will eventually help in socio-economic development of Pakistan but it will also ensure regional integration. Development of Pakistan through CPEC is desirably focused on a people centric growth model that primarily seeks to resolve the issues of human security. This paper seeks to establish the relationship between economic interdependence and regional integration with human security. Furthermore, this study looks into the role of Gilgit-Baltistan, a geographical lynchpin region, in making CPEC a successful developmental project. Findings of the study suggest that the viability and success of this mega project is highly dependent on the inclusiveness of projects in terms of engaging all stakeholders. The fruits of this mega project are expected to be positive. This is only possible if all the different dimensions of national security, i.e. social cohesion, economic development, and political stability are ensured by the state.


2016 ◽  
Vol 4 (1) ◽  
pp. 79
Author(s):  
Artan Nimani

To achieve prosperity and political stability, national governments aimed at achieving economic equilibrium. The government uses various instruments to stimulate economic growth, reduce unemployment and to achieve macroeconomic objectives. In the context of slow economic growth in recent years and fiscal pressures, Kosovo faces the complex challenge of economic development. Unemployment remains at a high level. Demand for labor is still very low and create an environment that will favor the formation of stable work places is a challenging task that requires a multidimensional reforms in the economy. This paper addresses the impact of fiscal policy on reducing unemployment, increasing investment and consumption to generate sustainable economic growth.


Author(s):  
V.N. Shkunov ◽  

The article is devoted to the problems of trade and economic rivalry between the Russian Empire and Great Britain in the first half of the XIX century, when the two powers were looking for adequate methods and forms of protecting their interests in Central Asia and Afghanistan. The author pays special attention to the problems of economic development and foreign trade of Afghanistan in the period under review. He examines the main objects of export and import, trade volumes, channels for the sale of goods, ethnic and confessional characteristics of merchants who participated in trade with Kabul. The role of the diplomatic service of Russia and Great Britain, travelers, scouts, merchants in collecting the necessary information about the situation in the Middle East is noted. The author focuses on the role and importance of the Central Asian khanates and merchants in promoting Russian goods to Afghanistan. The regional peculiarities of the organization of foreign trade are noted (by the example of Baloch).


2014 ◽  
pp. 86-105
Author(s):  
M. Shabanova

The author discusses the importance of studying socio-structural factors of socio-economic development through a broader application of the economic approach. The resources of status positions of economic agents are in the spotlight. A possible platform for interdisciplinary interactions is proposed which allows to increase the contribution of both economics and sociology in improving governance at all levels.


2012 ◽  
pp. 4-31 ◽  
Author(s):  
D. North ◽  
J. Wallis ◽  
S. Webb ◽  
B. Weingast

The paper presents a summary of the forthcoming book by the authors and discusses the sample study of the 9 developing countries. While admitting the non-linearity of economic development they claim that the developing countries make a transition from the limited access orders (where the coalition of powerful elite groups plays a major role, that is based on personal connections and hampers free political and economic competition) to the open access orders with democratic government and efficient decentralized economic system. The major conclusion of this article is that what the limited access societies should do is not simply introducing open access institutions, but reorganizing the incentives of the elites so that to limit violence, provide economic and political stability and make a gradual transition to the open access order beneficial for the elites.


2007 ◽  
pp. 55-62 ◽  
Author(s):  
O. Bogomolov

The article reveals the influence of the spiritual and moral atmosphere in the society on economic development. The emphasis is put especially on the role of social confidence and social justice. The author indicates also some measures on improving the worsening moral situation in Russia.


IIUC Studies ◽  
2015 ◽  
Vol 9 ◽  
pp. 323-334
Author(s):  
Shafiqur Rahman ◽  
Nicholas McDonald

This paper presents the role of Islami Bank Bangladesh Limited (IBBL) to the recent economic development in Bangladesh. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export), developing the housing sector etc. This study also identifies IBBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of IBBL behind it and fills the gap of literature in this specific area.IIUC Studies Vol.9 December 2012: 323-334


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