This paper is based on a small micro-level study carried out to assess the impact of recent socio-economic changes in Tajikistan on the livelihoods and well-being of women in Gorno-Badakhshan. It examines the recent involvement of women in trading and informal economic activity with a focus on the trade-offs that women have faced as a result. It argues that the shift towards a market economy in a depressed economic environment has resulted in increasing socio-economic differentiation, insecure livelihoods, and declining social capital.
