New Cases of Economic Liberalization under an Illiberal Regim: from Recent Economic History of Uzbekistan and Kazakhstan

Governments unencumbered by fear of elections often find it more manageable to implement liberal economic reforms than their democratically elected counterparts. The success of these reforms contributes to the broadening and solidifying of support within society. However, the endurance of reform outcomes and the safeguards provided to private owners and businesses can sometimes prove less resilient over the long term. Such guarantees may face challenges, particularly during changes in leadership, be it under dynastic rule or, especially, other forms of power transitions. The durability of reforms implemented in Uzbekistan and Kazakhstan remains to be seen over time. Nevertheless, the attained results and immediate prospects evoke a sense of cautious optimism, promising potential positive outcomes for the future.