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Economic Analysis: Theory and Practice

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

Vol. 16, Iss. 7, JULY 2017

Received: 28 April 2017

Received in revised form: 19 May 2017

Accepted: 9 June 2017

Available online: 27 July 2017


JEL Classification: L52, O14, O38

Pages: 12171230


Azam S.E. Institute of Forecasting and Macroeconomic Research, Tashkent, Uzbekistan

Importance The article addresses the technological effectiveness of Uzbekistans exports and imports.
Objectives Based on international standards of technological classification, the study aims to define the technological effectiveness of Uzbekistans 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 Uzbekistans 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.

Keywords: industrialization, technological effectiveness, foreign trade, comparative advantage


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