2nd Issue of ECO Economic Journal

The 1st issue of the ECO Economic Journal was released in 2009 upon the endorsement by the 19th Regional Planning Council of the Economic Cooperation Organization, which was held on 19-21 January 2009. The issue mainly contained academic papers and abstracts received from Member States through formal channels. The second issue is currently being compiled based on abstracts, papers, theses, and reviews. These are being received via formal channels as well as open-ended feedback window linked to regional readers. In pursuance to Clause 2 of the Terms of Reference of the ECO Economic Journal, the Members of the Editorial Board are requested to review the articles and submit their comments, if any, to the ECO Secretariat at the following email addresses:





Titles of the Abstracts, Papers, Reviews

The Impact of Real Exchange Rate on Non-Oil Exports: The case of Azerbaijan


Fakhri Hasanov, 

PhD Azerbaijan State Economic University

Deputy Director, Institute for Scientific Research on Economic Reforms under Ministry of Economic Development,

Senior Scientist, Institute of Cybernetics, Azerbaijan National Academy of Sciences. Baku, Azerbaijan. E-mail: fakhri.hasanov@gmail.com. Tel.: (+99412) 4 30 17 17. Fax: (+99412) 4 30 02 15.

Ilaha Samadova,

Senior Specialist, Institute for Scientific Research on Economic Reforms under the Ministry of Economic Development.



Industrialization and Dependency: the Case of Iran


Akbar E. Torbat

Ph.D. in Political Economy from the University of Texas at Dallas.  He has taught at the University of California - Los Angeles, the University of Southern California, and several campuses of California State University. At present, he teaches at the Department of Economics and Statistics, California State University, Los Angeles. E-mail: atorbat@calstatela.edu


Challenges and development prospects of SMEs in the Republic of Kazakhstan


Aigul Toxanova

Vice-president of JSC "Economy Research Institute"

Shaharbanu Zhakupova

Director of the Centre for Strategic Elaboration and Economic Research JSC "Economy Research Institute"


On the Outcomes of Socio-Economic Development of Republic of Uzbekistan for period of January-September 2010


Ministry of Economy of Republic of Uzbekistan

State Committee for Statistics