Central Asia and China: Financial Development through Cooperation with Russia

Abstract

This chapter elaborates on the perspectives of financial development of countries of Central Asia and China through cooperation with Russia. The authors determine financial resources for the development of the countries of Central Asia and China and figure out possible scenarios for attracting additional financial resources and conclude that financial resources have a decisive role in socioeconomic development. It is substantiated that the increase and expansion of cooperation with Russia are the preferable scenario for attracting additional financial resources. The authors recommend expanding cooperation with Russia within the implementation of the selected optimal scenario are given.

Citation

Sergi, B.S., Popkova, E.G., Vovchenko, N. and Ponomareva, M. (2019), "Central Asia and China: Financial Development through Cooperation with Russia", Asia-Pacific Contemporary Finance and Development (International Symposia in Economic Theory and Econometrics, Vol. 26), Emerald Publishing Limited, Leeds, pp. 141-164. https://doi.org/10.1108/S1571-038620190000026008