How Could We Create an Economic Development Plan That Will Be Applicable to Central Asian Countries?
Essay by Khalid Omar • January 7, 2018 • Essay • 2,629 Words (11 Pages) • 1,065 Views
Essay Preview: How Could We Create an Economic Development Plan That Will Be Applicable to Central Asian Countries?
How could we create an economic development plan that will be applicable to central Asian countries, (and are there many obstacles that we will have to tackle for such a plan to work?)
Our world as it currently is, is divided into developed and underdeveloped countries, and as we know it, development comes with a price. That price is a steep one; we sacrifice our earth, the planet that we live on and call home for the sake of our own comfort. These sacrifices cause great consequences that in turn hinder our way of life and cause us to ask questions regarding how could we have deteriorated our planet to such a state. The developed countries continue with producing new methods of making our society into a complete consumer society, and underdeveloped countries follow in their steps, we are slowly becoming more and more western and following in China’s South Korea's Singapore's and other eastern countries that took truly took after the west, because that is what the ideal developed countries look like, with their population becoming bigger consumers day by day, and factories producing more products for the use of the population. The economy is flourishing, but the ecology is diminishing. We are on a path to economic development, but we disregard what we have to give up for it. So with Economic development being a challenge for some countries, using western policies will not be completely successful for Central asian underdeveloped countries, is this due to the drastic difference in culture and amount of recourses available?
Economic development itself is a challenge. Policies and development plans from western developed countries to enhance their economy, will not be successfully applied in Central Asian or other underdeveloped countries. This is due to the fact that the efficient use of recourses and the culture is not the same as it is in the developed countries. An example would be how a group of economists and other specialists in economic growth and development were sent on a mission from the world bank to Columbia, and how the knowledge that they had, was supposed to be used in a far more efficient way instead turned out to be a downfall in Columbia due to the large difference between the two countries.
Our examples of how economic development relies on culture and use of recourses, would be the central Asian countries that have experienced a large change from the 1990’s period of immense change in economics. Central Asian countries, specifically Kazakhstan and Uzbekistan have had a flourishing economy and are large on the market, they greatly benefit from worldwide market prices for natural recourses, since that is the main economic activity , To get a better grasp on to these countries, we can call them developmental states. These states are of great importance worldwide (why?) it can be called upon their vast abundance of natural recourses that could be used for more industrialized and modern societies being exported from Central asia to the west or east for more developed countries forgetting about the equal development of the world.. It is strange however, that economically stable and successful countries of Central Asia have not been under the influence of the western economic plans, they have practically ignored such things and improved their economical state on their own through the hard work of their government and societies. The two governments of Uzbekistan and Kazakhstan have made their institutions follow the idea of open market economy but Uzbekistan closed of their country to any exterior influence(Uzbekistan selected trade). However, this sort of developmental plan that these two countries had, did not occur for the rest of Central Asian countries that are also underdeveloped, the reason has not been researched, but if one was to guess and find the main differences between the economies and governments, it would be that Uzbekistan is rich with natural recourses and was ready to use them to improve their economy, and Kazakhstan has a plentiful oil reserve that is a key economical trait that has been used to improve their worldwide standing, unlike them the other underdeveloped countries either have an unstable government or they lack such resources, and this limits them to boundaries that greatly reduce their chances of developing (Uzbekistan selected trade p.12).
So these limits of natural resources and governmental flaws could be overcome, but would the same plans that were used in Uzbekistan and Kazakhstan work in the rest of the countries? In my personal opinion, these plans would not work and would only lead to worsening the economy further, this is due to the fact that even though Central Asian countries are from the same region and have a similar culture, the societies are different and the norms and values of people are also different, the things that certain populations of countries can produce are limited to what they value things that are of use to their own cultures and that are easily attainable, if they do not see something that holds value to them, they will most likely refuse to produce such items such as the columbians, they did not produce items that were valued by worldwide market, due to their lack of need for such items, but only after the implementation of the world bank’s aid did they start growing.Also technically speaking, there is a larger problem at hand, economic development as i take, requires trade and being interconnected with the world market, and such trade would be considered with more developed countries, as unfortunate as it is, Central Asia is filled with conflicts, this would be a problem for trade, it would make it dangerous and holds for more expenses for the guarantee of free trade, also another problem that we would face is that all of the countries that we are currently speaking of, the Central Asian group of currently developing countries, are surrounded by land from all sides, there is no room for direct sea trade, and that is another limitation that we have to consider if we were to create a development plan that would be easily implemented in all of the underdeveloped countries of Central Asia.
These were all the various problems that we would face if we were to think of a plan as such, but there are plenty of positive aspects to the idea in general, if we were to create a plan that could work, it would require the assistance of foreign groups, and currently this is taking place in most of the underdeveloped countries. There is a large amount of foreign investors that are ready to put work into the economies of such countries, and this is because they see potential to make money there, to improve and to monopolize the economy in the future once it grows and flourishes. Another key aspect is plain trade, even though underdeveloped countries are lacking in the trade department, there is still trade happening, especially
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