From Cotton To Industrialization – Analysis

Why Industrial Upgrading Fails Under Risk and Bankability Constraints: Tajikistan’s Case

Despite cotton’s long-standing role in Tajikistan’s economy, efforts to upgrade the textile sector have repeatedly stalled. The obstacle is neither a simple shortage of capital nor the absence of modern machinery. It lies in a combination of elevated risk, weak financial bankability and increasingly demanding standards along value chains linked to Europe. Without grasping this systemic logic, raw...