Defining state capitalism -- Russia: crony capitalism, Putin-style -- Kyrgyzstan: sad poster-child of neoliberalism -- Kazakhstan: a dual economy with developmental characteristics -- Uzbekistan: economic life under control and beyond control -- Tajikistan and Turkmenistan: predatory state...

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...