The conventional way to become a developed "emerging market" has been to rely in large part on investments from high-income countries. This approach has failed, most obviously during the recent global financial crisis, and may not be feasible again for some years. Azerbaijan and five ex-Soviet...

As their transition to market economies continue, China and the post-Soviet republics of Central Asia have rediscovered their complementary economic and political interests in increasing trade and investments, especially between Xinjiang Province and independent Uzbekistan, the Kyrgyz Republic,...