Chinese Business Review, cilt.10, sa.9, ss.693-700, 2011 (Hakemli Dergi)
The aim of this study is to examine the progress of economic freedom and corruption during the period between
two global economic crises in those Central Asian Republics which have been integrated into the free market
economy according to “the Washington Consensus” since the late 1990s. With respect to the exportation of natural
resources, Azerbaijan, Kazakhstan and Turkmenistan together with Kyrgyzstan, Uzbekistan and Tajikistan all
seem to have entirely different economic structures. In this paper, the majority of macro-economic variables,
economic freedom indicators and corruption data covering the period of 2001-2008 will be discussed. In the light of
the outcomes of this study, it is observed that while the social structure in those countries exporting natural
resources is stronger, bureaucratic corruption increases consistently in all of the countries due to the authoritarian
structures (of the countries concerned). As Central Asian Republics are in a state of failed transition into market
economy, the betterment in legislation does not debug the so-called “limbo” system, which refers to neither a
planned economy nor a free market one.