EMERGING GREEN AND DIGITAL SUSTAINABLE MARKETS IN CENTRAL ASIA: A COMPARATIVE ANALYSIS OF KAZAKHSTAN AND UZBEKISTAN WITHIN CHINA'S BRI FRAMEWORK

Abstract

This study aims to evaluate the evolving dynamics of green and digital sustainable markets in the Central Asian region, with a particular focus on the role of Belt and Road Initiative (BRI) projects. By employing a comparative analysis of Kazakhstan and Uzbekistan—two key players in the region—it seeks to highlight the distinct trajectories, opportunities, and challenges faced by these countries in aligning economic growth with sustainable development goals. The research draws on statistical data from a variety of international institutions to provide a nuanced understanding of regional trends. Special attention is given to the implications of digital technologies and green infrastructure for economic diversification, regional connectivity, and environmental sustainability. The study sheds light on the transformative potential of sustainable market development in Central Asia and its broader geopolitical and economic significance.

            The analysis also considers the structural differences in governance, investment frameworks, and policy priorities between Kazakhstan and Uzbekistan, which shape their respective approaches to fostering green growth and digital transformation. While Kazakhstan has advanced renewable energy initiatives and leveraged its integration into global markets, Uzbekistan has placed stronger emphasis on modernization of industries and digital governance reforms. The study explores how both countries balance foreign investments, particularly under the BRI framework, with the pursuit of national sustainability strategies. Furthermore, it examines the role of regional cooperation, technological innovation, and institutional reforms in promoting inclusive and resilient economic pathways.