After experiencing dramatic
structural changes and transition recessions following independence, Central
Asian economies have been able to recover and experience high rates of growth
and declining poverty rates over the last 15 years. The challenge for Central
Asian countries over the next 30–40 years is to sustain a rapid growth path,
pursue their transformation and integration into the global economy, and ensure
a gradual convergence towards the more developed countries.
It is indeed well established that
investments in human capital—education and health—not only have a direct impact
on productivity and well-being but also facilitate the transmission of
knowledge and technology, which in turn enhance a society’s innovative
capacity.
The vision
for Central Asian countries in human resources development is that by 2050, a
strong human capital base will be in place, with knowledge and skills close to
those of developed countries and the flexibility to adjust to the needs of
rapidly changing economies. By then, it is also expected that young people in
the region will have mastered not only their own national language but also
some foreign languages, and acquired skills that can facilitate cooperation
within the region and economic links with neighboring countries. A strong human
capital base also means a healthier population whose well-being is thus
enhanced. By 2050, countries will have improved the quality of health care
through more efficient management, use of highly qualified personnel and modern
technology, and increased attention to prevention and primary health care.
Disparities in health outcomes within the region will have been reduced, and
levels will be at or above those of upper-middle-income countries.
To achieve these goals, Central
Asian countries will naturally have to take into account differences in their
economic endowments and their initial levels of development, and they will also
have to take advantage of past investments and build on the links that existed
between them and the rest of the erstwhile Soviet Union.
Under the middle-income trap
scenario, not all five Central Asian countries, which are, at the moment, at
different levels of development and at different stages in implementation of
reforms, will be on a converging path. While the fast reformers will have, by
2050, pursued their transformation and converged toward upper-middle-income
countries, those lagging behind will still have kept elements of a command
economy and failed to accelerate the pace of reforms. Under such a scenario,
disparities within the region in health and education outcomes will have
increased and migration flows will intensify toward countries which can offer
better services and income opportunities.
Register now to read full article from the Global Journal of Emerging Market Economies
Follow us on



I need some more info about this scenario. Your posts are always interesting. That's why I like your blog so much.
ReplyDeleteThank you for your kind words! I am so inspired by your post that we all should contribute in taking our contient to the best of its place. Now they offer writing services to write your quality task easily. Keep sharing the progress that Central Asian countries are making!
ReplyDelete