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This study explores prospects for inclusive growth in the Central Asia and the South Caucasus region and highlights the central role played by the creation of good jobs. The study reviews economic performance in the region and discusses prospects through 2030, introducing two growth scenarios related to the adoption of structural reforms for creating good jobs and inclusive growth. It also highlights the importance of adopting a full policy reform scenario.
CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008–09 global financial crisis. Since then, poverty rates have barely moved and, for oil importers, remain elevated.
The services sector is becoming a key driver of economic development in most members of the Central Asia Regional Economic Cooperation (CAREC) Program. This study underscores the potential for greater economic diversification through robust development of seven key services subsectors and industries that are critical for economies in the region to function and thrive. CAREC members also need to adopt a coherent and comprehensive approach to the balanced development of these interdependent services subsectors. Enabling conditions such as good governance, competitive markets, strong regional cooperation and integration, efficient labor markets, and high quality physical and digital infrastructure are crucial.
Leveraging the natural experiment caused by the dissolution of the USSR and its uniform approach to higher education, this book focuses on university governance across the former Soviet countries, making it essential reading for researchers, students and policy makers. This title is also available as open access on Cambridge Core.
This book addresses the current state of economic and political development within Central Asia and the importance of European countries and organizations as international actors and supranational organizations for the Central Asian Region (CAR). It aims to provide a better understanding of Central Asia’s multi-faceted relations in rapidly evolving geostrategic dynamics and serves as a timely insight into the contours of Central Asian states’ policies, emerging trends, and significant features of these interactions. The aim is to analyze the main challenges for future between the Europe and Central Asia relations, to make recommendations for improvement, and to identify lines for future research on this matter. It highlights key aspects of current discourses in CAR vis-à-vis the role of European countries and China and other key players. It explores post-Soviet scenarios, considering recent drastic changes in the equation of international relations in general and, more particularly the role of Russia and China vis-à-vis Europe in the CARs. This book covers the different perspectives on the EU’s new strategy (2019), which will contribute to strengthening relations between the two growing regions. It will be beneficial for academics, practitioners, and policymakers.
After the break-up of the USSR, the former Soviet countries took different paths. While many of them face severe economic problems or have become only questionably democratic, Georgia’s socio-political development has become a relatively successful post-Soviet transition story. A deeper understanding of Georgia can offer insights that are also useful for other transitional and developing states. Many of the good governance implications of the research papers assembled in this volume are highly relevant to the broader Caucasus region and other post-Communist countries. The contributions deal with central issues pertinent to Georgian public policy, administration, and politics, as well as to Georgia’s ongoing struggle for independence and democracy. The collection illustrates a particularly revealing case in the comparative study of modern governance.
The Arab Spring holds the promise of improved living standards and a more prosperous future for the peoples of the Middle East and North Africa region. At the same time, the region is witnessing uncertainty and economic pressures from domestic and external sources, which will likely be exacerbated by the recent worsening of the global economy. The main challenge in the short term will be to manage expectations while maintaining economic stability. To that end, better-targeted subsidies and transfers will help free up resources for investment in infrastructure, education, and health. Policies aimed at fostering inclusive growth will also help cement the longer-term benefits of the ongoing changes in the region. In the Caucasus and Central Asia, the economic outlook is broadly positive. Exports and remittances--key growth drivers in 2010--are continuing to grow solidly, helping the recovery gain firm momentum. At the same time, uncertainties over the robustness of the global recovery constitute a downside risk to the growth outlook. Key challenges facing the region over the medium term are to create jobs and foster high and inclusive growth.
The Caucasus region and Central Asia covers a large part of the Eurasian. Both regions, where Russia and China have a serious influence and visibility, also have a location that reflects the hegemonic expectations of both these actors. In this context, domestic political developments and even internal conflicts in the region can be linked to the policies of Russia and China to a certain extent and have the potential to affect the motives of these two powers. Although Central Asia is rich in natural resources, it is landlocked and has lagged other nations in terms of agricultural production and industrial development. Although the Caucasus is divided into the North, the territory of Russia, and the South, where three independent states are located, it is insufficient in terms of production and development. The Caucasus stands out especially with energy projects and its feature of being a commercial corridor.
Encompassing chapters that address both unidimensional and multidimensional poverty, this timely Research Handbook explores all aspects of poverty and deprivation measurement, not only detailing broad issues but also scrutinising specific domains and aspects of poverty, such as health, energy and housing. Its succinct and highly focussed chapters, written by a diverse range of authors, employ a combination of theoretical and empirical methodologies to offer well-rounded explorations of complex topics.
Uzbekistan has achieved sustained growth through its gradual transition to a market-based economy through cautious economic policy reforms. Despite its gradual approach to development challenges, the country experienced the smallest output decline among former Soviet economies and enjoyed high rates of economic growth from 2004 to 2015, largely driven by the high prices of its major export commodities. However, the drop in the global prices of many key commodities in recent years have severely impacted Uzbekistan's economy. Under these circumstances, the new government introduced major reforms. The pace of reform is unprecedented. The government has formulated its long-term economic strategy in its Vision 2030, which aims to double the country's gross domestic product by 2030 through a program of economic diversification. This book analyzes how Uzbekistan can boost sustainable economic growth to create more and better jobs. It considers how the country can consolidate achievements from recent policy reforms and maintain reform efforts to accelerate sustainable growth. Policy recommendations cover fostering macroeconomic stability, increasing investment in physical infrastructure, enhancing human capital, improving firms' access to finance, and lowering barriers to international trade and foreign investment inflows.