Central Asia 2050: Unleashing the Region’s Potential, Sage Publications India Pvt. Ltd., 9789351508274

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Central Asia 2050: Unleashing the Region’s Potential

Rajat M Nag (Editor) Johannes F Linn (Editor) Harinder S Kohli (Editor)

Synopsis

An ancient land, Central Asia occupies a geostrategically critical place at the heart of Eurasia, bridging the vast continental space that is Europe and Asia.

Central Asia today faces great opportunities as well as daunting challenges. The principal message of this book is that the region has significant potential and a unique opportunity to accelerate its economic and social development.

A major lesson for the future from Central Asians’ past is that they thrived most when they were open to the world and to each other in terms of trade, investment, and bold thought, with a commitment to intellectual and religious pluralism and tolerance.

The book articulates an aspirational vision for 2050. Under this vision, the region will have achieved widespread prosperity such that by 2050, a vast majority of Central Asians will be middle class with commensurate income and quality of life. Social, institutional, and governance indicators will have improved in tandem and reached at least the level of South Korea and Central Europe today.

No doubt, Central Asia will face many challenges: as individual countries and as a region. However, challenges also represent opportunities. The book identifies several of these in specific areas, including the efficient development of the energy and agriculture sectors; developing modern manufacturing and service industries that are well integrated into global supply chains; fostering inclusive human development; mitigating and adapting to climate change; integrating with global and regional markets; and improving governance and institutions. A particular challenge, cutting across all others, is how Central Asia manages its increasingly scarce and critical water resources.

Achieving the ambitious aspirational Vision 2050 is plausible, though by no means pre-ordained. Many of the policy and institutional reforms noted in this book will not come easy and take time to design and implement. Regional leaders, individually and collectively, will need to pursue them with a sense of commitment and urgency.

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About the authors

Johannes F Linn

Johannes F. Linn is a Distinguished Resident Scholar at Emerging Markets Forum, Non-resident Senior Fellow at the Brookings Institution, and Senior Fellow at the Results for Development Institute (R4D). In 2019, he served as the Global Facilitator for the First Replenishment of the Green Climate Fund. From 2005 to 2010, Mr Linn was Director of the Wolfensohn Center for Development at Brookings. In 2004, he was the lead author of the United Nations Development Program’s Central Asia Human Development Report, 2005. Prior to joining Brookings in 2003, he worked for three decades at the World Bank. From 1996 to 2003, Mr Linn was the Bank’s Vice President for Europe and Central Asia. Mr Linn has published extensively on development and global governance issues. His current research is in the areas of scaling up successful development interventions, global governance reform, and regional cooperation and integration (with a special focus on Central Asia and greater Eurasia).

Harinder S Kohli

Harinder S. Kohli is the Founding Director and Chief Executive of the Emerging Markets Forum as well as Founding Director, President, and CEO of Centennial Group International, both based in Washington, DC. He is the Editor of Global Journal of Emerging Markets Economies. Prior to starting his current ventures, he served over 25 years in various senior managerial positions at the World Bank. He has written extensively on the emergence of Asia, Latin America, Africa, and other emerging market economies, financial development, private capital flows, and infrastructure. He is an author and co-editor of India 2039: An Affluent Society in One Generation (2010), (2010), A Resilient Asia amidst Global Financial Crisis (2010), Islamic Finance (2011), Asia 2050: Realizing the Asian Century (2011), and A New Vision for Mexico 2042: Achieving Prosperity for All (2012). He led Centennial Group teams that helped ADB and CAF develop their long term corporate strategies. Mr. Kohli is currently leading a year-long EMF study on the long term prospects and challenges faced by emerging market economies worldwide.

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