ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Central Asia is rich with diverse energy resources. In the downstream countries of Kazakhstan, Uzbekistan, and Turkmenistan there are significant reserves of oil, gas, and coal. The upstream countries, Tajikistan and Kyrgyz Republic, are rich in undeveloped hydropower potential.

Detailed explanation-2: -Agricultural production and the extraction of natural resources have always been the economic core basis of development for the Central Asian countries.

Detailed explanation-3: -Since 1965, the 23 economies of East Asia have grown faster than all other regions of the world. The high-performing Asian economies have experienced extremely rapid growth and rising incomes. The proportion of people living in absolute poverty has dropped sharply.

Detailed explanation-4: -First, the Central Asian population is still growing, and high unemployment is compounded by a lack of skilled workforce and low quality of human capital. In addition, many parts of Central Asia suffer from an acute lack of other kinds of infrastructure, such as power and domestic gas supply.