Natural Resources and Economical Growth in Central Asia and Caucasus

Natural Resources and Economical Growth in Central Asia and Caucasus

Filiz , Kadi

As it is known, all former Soviet states faced serious economical and social problems after they gained independency. At this stage of history, these countries took into their hands responsibilities for self-development. To overcome their problems, they tried to find and imply suitable policy in all spheres of social life. In order to strengthen their economy, they had to look their capability and capacity, and use them in the right direction. However, many factors such as cut off the link between the main provider of the Soviet Union, Russia and other republics, problems in management, the lack of experience in market economy brought to serious problems in these countries. As a result, production process was seriously damaged in all sectors of their economy. Consequently, without being able to manufacture products, these countries began to focus on the raw materials, not considering effects of economic dependency on natural recourses.

Conference or Workshop Item
PeerReviewed

2012-05-31

1349