Debt-Based Trade, Social Norms and Informality in Uzbekistan: Case Study of Rassiychilar in Rural Fergana

Elmurod Sobirov, Rustam Urinboyev

Research output: Contribution to journalArticlepeer-review

Abstract

Debt-based trade and economic exchanges are becoming a more and more widespread phenomenon in the context of post-Soviet Central Asian societies. In the absence of viable state economic support, a functional banking system, and an effective legal system, trust-based economic exchanges serve as an alternative means for conducting micro-level businesses in Central Asia. The phenomenon of “rassiychilar,” which is the central focus of this paper, is one of the intriguing examples of debt-based trade in rural Fergana, Uzbekistan. This debt-based trade involves a myriad of informal economic exchanges among various actors, locally and transnationally. The paper argues that trust-based economic networks and debt-based trade serve as an alternative means of doing business in rural post-socialist contexts characterized by legal uncertainty, rampant corruption, and an inefficient economic and banking system.
Original languageEnglish
Pages (from-to)1-17
JournalCommunist and Post-Communist Studies
Publication statusAccepted/In press - 2024 Jan 31

Subject classification (UKÄ)

  • Law and Society
  • Economics
  • Sociology (excluding Social Work, Social Psychology and Social Anthropology)

Free keywords

  • debt-based trade
  • informality
  • transition economies
  • law and society
  • sociology of law

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