Macroeconomic Policy Frameworks and Technological Development: Case studies of Kyrgyzstan, Tajikistan and Afghanistan

The paper examines recent macroeconomic performance and macroeconomic management frameworks in Kyrgyzstan, Tajikistan and Afghanistan. It also reviews existing literature on macroeconomic policies recommended for technological development of low/lower-middle income countries. The literature review is then complemented with the case studies of Japan, South Korea and the Baltic countries that have succeeded in their own technological development. Drawing on the experiences of these countries and ‘traditionally’ recommended policy measures suggested by the literature on technological development the paper provides some policy recommendations.