Shadow Economies in Turkic Republics: Governance, Institutions, Trust, and Policy Responses

Name: Shadow Economies in Turkic Republics: Governance, Institutions, Trust, and Policy Responses
Brand: Palgrave MacMillan
SKU: 9783032128713
Price: 13610.0 INR
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by Elshan Bagirzadeh , Omer Gokcekus

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ISBN13: 9783032128713
Binding: Hardcover
Subject: N/A
Publisher: Palgrave MacMillan
Publisher Imprint: Palgrave MacMillan
Publication Date: April 1, 2026
Pages: 269
Original Price: EUR 185.29
Language: English
Edition: N/A
Item Weight: 410 grams
BISAC Subject(s): Development / Economic Development

About The Book

The Turkic Republics are increasingly recognized as key contributors to global development. Endowed with abundant natural resources and strategically located along major trade corridors, they have recently united under the Organization of Turkic States (OTS) to harmonize policies and strengthen regional cooperation. Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye, Uzbekistan, and the Turkish Republic of Northern Cyprus face a shared challenge: the prevalence of large shadow economies. This informality undermines transparency, weakens governance, and impedes sustainable growth. This volume provides the first systematic comparative analysis of shadow economies across the Turkic Republics. Seven country chapters and an introductory comparative chapter examine the causes, consequences, and policy approaches to informality in the OTS. The book highlights both shared legacies and diverging institutional paths. It contrasts the socialist legacies of the post-Soviet republics with the market-oriented traditions of others in the region, illustrating how these distinct backgrounds shape shadow economies. It also documents the persistence of informal activity and its intersections to institutional trust, labor markets, digitalization, and sustainability. By combining cross-country comparisons with detailed national perspectives, the volume advances scholarship and offers actionable insights for policymakers aiming to reduce shadow economies and foster sustainable development.

About The Author

Elshan Bagirzadeh is Associate Professor at Azerbaijan State University of Economics (UNEC). His research focuses on shadow economies and development, with numerous publications on economic informality and institutional dynamics.

Omer Gokcekus is Professor at Seton Hall University's School of Diplomacy and International Relations. His research centers on governance, corruption, and wine economics, with publications spanning both academic and policy-oriented outlets.

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