Formation, trends and features of Turkmenistan’ economy development

Authors

Y. Habyyev
Kuban State University, Russian Federation
A. Habyyeva
Kuban State University, Russian Federation

Abstract

The economic development of Turkmenistan in the period after the collapse of the Soviet Union can be divided into three stages. The most complex and difficult was the first phase (1991–1997 years), which coincided with the period of statehood and economy of the country. The second phase (1998–2008 years) was a period of stabilization, recovery and subsequent growth. The basis for accelerating and dynamic development of Turkmenistan since 2008 was carried out by the authorities of the governmental policy of openness and diversification.

Keywords

gross domestic product (GDP), stages of economic development, stabilization, growth, dynamics, privatization, export, natural gas, pipelines, market reform, financial crisis, economic reforms

Authors Info

Y. Habyyev

Postgraduate student of Department of World Economics and Management at Kuban State University

Email: yakup.habyyev@gmail.com

A. Habyyeva

Postgraduate student of Department of World Economy and Management at Kuban State University

Email: aysoltan.habyyeva@gmail.com

References

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Article Details

Issue

2015 · No. 4 (40)

Section

Word of Young Scholars

Publication History

Published 2015-12-25

How to Cite

[1]
Habyyev Y., Habyyeva A. Formation, trends and features of Turkmenistan’ economy development // Economics: Theory and Practice. 2015. No 4 (40). С. 103–109. URL: https://etip.kubsu.ru/article/view/250

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Copyright (c) 2015 Y. Habyyev, A. Habyyeva

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This work is licensed under a Creative Commons Attribution 4.0 International License.