Economic Development in Central Asia - Institutional Underpinnings of Factor Markets

This book investigates the institutional underpinnings of the relatively strong economic performance in Central Asian countries since their independence. The New Institutional Economics as well as Political Economy approaches provide the conceptual framework for case studies. All contributions consider factor markets and institutions as fundamental drivers of economic growth. This volume scrutinizes the evolution, design, and performance of factor markets in the region including land and natural resources, labor, physical and human capital.