The financial sector, particularly, the banking sector is a very important factor for economic development, and there is wide range of theoretical and empirical literature emphasizing its importance (Patrick, 1966; Demetriades and Husseina, 1996; Arestis and Demetriades, 1997;
Over the last three decades, China has reached a high economic growth rate. Now, functioning in an open economy, Chinese business firms need to enter global markets and participate more actively in global competition.
Searching for diversity in investors and routes to export its oil and gas, Kazakhstan has opened its energy sector for further development jointly with foreign oil and gas-producing companies.
The total number of industrial enterprises of China ranks first in the world. Currently, about 3/5 of the labor force working in heavy industry have generated half of the industrial output.[i].
Since Turkmenistan is an energy-rich Central Asian country with significant hydrocarbon reserves, the oil and gas industry is a key contributor to the country’s economic growth. Nowadays, natural gas, crude oil and oil products make up about 80% of the country's exports.
In the context of global security challanges that spread across the Middle East and North Africa dramatically reshaping the geopolitical landscape of the region more than anything else demonstrated the importance of ensuring international and regional security.
Executive Summary: Every year millions of people migrate to another country with different purposes and due to different circumstances.
Kazakhstan became the fırst Central Asian country which upgraded its relations with the European Union (EU) to a new level of cooperation after signing the Enhanced Partnership and Cooperation Agreement (EPCA) on December 21, 2015.
In 2014, the Central Bank of Azerbaijan stated that the banking sector in Azerbaijan started to develop as a result of ongoing positive dynamics of macro indicators and regulations which were characterized by the role of banks in the economy.
As Kyrgyzstan is an oil importer country, low oil prices in the world market have contributed to high consumption and growth in the country.