Will Central Asia's Commodity Boom Help Pave The Way For A New Silk Road? May 08
- ID: 1860094
- May 2008
- Region: Asia
- Standard & Poors
Central Asia, remote and mysterious, vast and landlocked, has long aroused imaginations in the West. As a crossroads for the movement of people, goods, and ideas between the Mediterranean and Asia Minor at one end, and China and the Far East at the other, the region is exposed to a broad swathe of cultural and economic influences. The fabled Silk Road, dating back over 2,000 years, is the prototypical example of early globalization. But the region is more than a transit route, having long been valued for the indigenous riches that lie below ground. Today, however, it's not the salt that captivated Marco Polo that's creating the most excitement, but energy and minerals. And this time the post-Soviet sovereign states...
Companies mentioned in this report are:
- European Bank for Reconstruction and Development
- Kazakhstan (Republic of)
- Gazprom OAO
- OAO AK Transneft
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