Feudalism, ethnic conflicts and economic geography: Political economy of ECO countries

Abstract

A continued history of economic deterioration in the Central Asian States, Afghanistan and Pakistan over the several decades indicates some chronic issues in the roots of economic and political system, which emphasise the changes in their legislations to govern the economy. It is envisaged that incidence of feudalism, ethnic politics, terrorism, fiscal imbalances, and economic miseries are interconnected variables which are determining the patterns of economic directions in ECO member countries. The revival of the history of multiculturalism in this region may abolish the ethnic and religious biases and improve the economies of ECO countries dramatically. However, the land and natural resources under the control and possessions of powerful groups do not favour the regional integration or globalisation. The feudal groups control over the prime economic resources, legislative bodies and civil institutions. In fact, the globalisation and regional integration are required to boost the economic growth in the region.