THE EFFECTS OF GLOBALISATION ON GEOECONOMICS OF CENTRAL ASIA

Mercantilism is an economic strategy spanned from the 16th Century to 18th Century, intended to increase a nation's economic exports while minimizing its imports. With the end of the Cold War and the evident success of liberal democracy fueled by capitalism, export oriented market economies are taking control of the global system. Capitalism is increasingly forming a NeoMercantile group, and Former Soviet Republics are no exception. The former Soviet States were undergoing economic change as capitalism was a recent concept there. The upshot of this widespread agreement is an increase in global economic activity. These economic shifts have been so profound that Luttwak (1990) predicted geo-economics would replace geopolitics as the dominant framework for global analysis. Since Central Asia is located between Europe and Asia, the two current top energy-consuming economies it offers much more than hydrocarbon resources. Because of its central, yet landlocked, location in Eurasia, the area serves as a land link connecting cultures, communities, and most notably economics.