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Opportunities for industrialization in Uzbekistan

Azam S.E. Institute of Forecasting and Macroeconomic Research, Tashkent, Republic of Uzbekistan ( sardorazam2@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #1, 2017

Importance The article deals with the identification of promising areas for further industrialization in the Republic of Uzbekistan.
Objectives The study aims to identify prospective export industries and products that may contribute to the further enhancement of raw materials and semi-finished products processing to improve the competitiveness of Uzbekistan's economy in the global market over the medium term. The analysis rests on the experience of some developing countries with high rates of economic growth.
Methods This study employs systematization and analysis of works of Russian and foreign scholars on economy industrialization, and attempts to apply internationally renowned methods of identification and facilitation of prospective industries in conditions of Uzbekistan.
Results The undertaken analysis reveals prospective industries and products that may ensure the international competitiveness of exports and sustainability of high growth rates of the Uzbek economy in the future.
Conclusions and Relevance The strategy of further industrial reforms in the Republic of Uzbekistan and strengthening its trade positions in the external markets should target consistent diversification of the commodity structure of exports focusing on realization of hidden competitive advantages and enhancement of technological intensity of exported products.


Analyzing the structure of technological effectiveness of Uzbekistan's external trade

Azam S.E. Institute of Forecasting and Macroeconomic Research, Tashkent, Uzbekistan ( sardorazam2@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #7, 2017

Importance The article addresses the technological effectiveness of Uzbekistan’s exports and imports.
Objectives Based on international standards of technological classification, the study aims to define the technological effectiveness of Uzbekistan’s foreign trade in order to design policy measures and recommendations on application of industrial policy instruments to improve its technological content and increase the international competitiveness of locally produced goods.
Methods This study employs a systems analysis approach in reviewing the relevant literature and attempts to apply internationally renowned methods for determining the structure of technological effectiveness of foreign trade in Uzbekistan.
Results The undertaken analysis reveals the technological effectiveness of Uzbekistan’s external trade and changes in comparative advantages of exports based on technological intensity. The paper presents a detailed analysis of the composition of exports and imports by respective groups of technological effectiveness, proposes policy measures and recommendations to facilitate non-primary exports with a high degree of technological intensity.
Conclusions and Relevance The strategy of industrial transformation of Uzbekistan and strengthening its trade positions in external markets should be supported by consistent diversification of the commodity structure of exports with a focus on enhancement of technological effectiveness of exported goods.


Foreign trade of foreign-invested enterprises in Uzbekistan: Transformation-related issues

Azam S.E. Institute of Forecasting and Macroeconomic Research, Tashkent, Republic of Uzbekistan ( sardorazam2@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #3, 2018

Importance The article reveals the problems and methods for further transformation of foreign trade activities of foreign-invested enterprises being important drivers of modern technologies and production experience, and accelerators of foreign trade in the Republic of Uzbekistan.
Objectives The study aims to analyze the development trends and problems related to foreign trade activities of the said enterprises, and elaborate certain measures and recommendations on applying industrial policy instruments to maximize positive effect of these enterprises in the economy of Uzbekistan.
Methods The study draws on statistical and comparative analysis. It includes a review and systems analysis of works by foreign scientists on foreign direct investment promotion and export-oriented economy.
Results The analysis shows country-, region-, and sector-specific trends and specifics of foreign trade development of foreign-invested enterprises. It defines options for facilitating their export activities, increasing the share of non-primary goods in their export structure, and maximizing external benefits of their presence in the economy of the Republic.
Conclusions Foreign-invested enterprises mainly focus on domestic market, however, if they are export-oriented, it will be more beneficial for the economy. Further improvement of industrial policy instruments in this area is therefore required.


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