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Inflows of foreign direct investments in Central Asian countries between 1991 and 2020

Ovezmyradov, Berdymyrat LU and Kepbanov, Yolbars (2021)
Abstract
This report aims at identifying common causes, patterns, and effects of changing foreign investments across the countries of Central Asia. Experience of neighboring countries in Central Asia as a distinct region of the world attracting foreign investment is particularly relevant for each country in the area. Therefore, the comparative analysis of the Central Asian countries presented in this report for their first three decades after gaining independence is particularly relevant given the global shifts in 2020. Growth in direct foreign investments was fueled and attracted by extractive industries in entire Central Asia. The development has been highly volatile during the whole studied period. Foreign investments overall declined between... (More)
This report aims at identifying common causes, patterns, and effects of changing foreign investments across the countries of Central Asia. Experience of neighboring countries in Central Asia as a distinct region of the world attracting foreign investment is particularly relevant for each country in the area. Therefore, the comparative analysis of the Central Asian countries presented in this report for their first three decades after gaining independence is particularly relevant given the global shifts in 2020. Growth in direct foreign investments was fueled and attracted by extractive industries in entire Central Asia. The development has been highly volatile during the whole studied period. Foreign investments overall declined between 2009 and 2020. Substantial progress in liberalization, human capital, the rule of law, and democratization is needed for Central Asian countries to attract foreign investment beneficial for local populations in the long term. (Less)
Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Working paper/Preprint
publication status
unpublished
subject
keywords
Central Asia, transition economies, foreign direct investment, greenfield project
pages
35 pages
project
Legal Cultures and Business Environments in Central Asia
language
English
LU publication?
yes
id
6cb5d242-78b7-4692-a3c0-1f38b84a9753
date added to LUP
2021-05-03 12:21:32
date last changed
2022-01-11 15:51:12
@misc{6cb5d242-78b7-4692-a3c0-1f38b84a9753,
  abstract     = {{This report aims at identifying common causes, patterns, and effects of changing foreign investments across the countries of Central Asia. Experience of neighboring countries in Central Asia as a distinct region of the world attracting foreign investment is particularly relevant for each country in the area. Therefore, the comparative analysis of the Central Asian countries presented in this report for their first three decades after gaining independence is particularly relevant given the global shifts in 2020. Growth in direct foreign investments was fueled and attracted by extractive industries in entire Central Asia. The development has been highly volatile during the whole studied period. Foreign investments overall declined between 2009 and 2020. Substantial progress in liberalization, human capital, the rule of law, and democratization is needed for Central Asian countries to attract foreign investment beneficial for local populations in the long term.}},
  author       = {{Ovezmyradov, Berdymyrat and Kepbanov, Yolbars}},
  keywords     = {{Central Asia; transition economies; foreign direct investment; greenfield project}},
  language     = {{eng}},
  month        = {{05}},
  note         = {{Preprint}},
  title        = {{Inflows of foreign direct investments in Central Asian countries between 1991 and 2020}},
  url          = {{https://lup.lub.lu.se/search/files/97368784/2020investment_ca_32.pdf}},
  year         = {{2021}},
}