Georgia is the only country in the CAC region that can access markets around the world through its own seaports and thus less dependent on China's BRI overland corridors for trade, investment and growth. Nevertheless, the Georgian government is investing in the one BRI corridor China, Europe...

Armenia is a small land-locked mountainous country with relatively difficult access to regional and global markets. The borders with Azerbaijan in the east and with Turkey in the southwest and west are closed. Only the borders with Georgia in the north and Iran in the south are open for trade...

Uzbekistan is a resource-rich country with a relatively young population of 33 million, the largest in Central Asia. It is also a geographic pivot for the region, bordering all other Central Asian countries and Afghanistan, with transit connections in all directions. As a double landlocked...

Tajikistan is the poorest country in the region despite strong growth for nearly two decades; sustaining growth in future will need substantially higher growth in private investment and exports. Its per capita income (GNI) is close to USD 1,000 but nearly a third of its population, of around 9...

Kazakhstan is an upper-middle income, resource rich country. Its ascent to upper-middle income status was propelled by rising oil production and booming oil prices which pushed the average annual rate to above 7 percent during 2000-2013. The halving of world oil prices and lower export demand...

In this context, Bhutan can become wealthier through accelerating both domestic and foreign investment, as well as signing investment treaties. These investments could provide not just capital but also bring necessary skills, knowledge and ideas, and help the country move beyond hydropower....

Growth in Emerging East Asia is expected to reach close to 8 percent in 2006, the second strongest pace in the five year long economic expansion underway in the region since 2001. Emerging East Asia comprises Developing East Asia (China, Indonesia, Malaysia, Philippines, Thailand, Vietnam and...

The war in Ukraine is a human tragedy for the people of Ukraine, but its economic implications are global. This instant report focuses on the direct impact of the war on world trade and investment. It identifies five trade and investment channels through which countries will be affected by the...

Transition to a new world order with more diffuse distribution of economic power is under way. This first edition of a new World Bank flagship report, 'Global Development Horizons 2011', focuses on three major international economic trends: the shift in the balance of global growth from...