The role of industrial policy in the economic development of Uzbekistan

Eun Young Bae, Jai S. Mah

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

This paper discusses the role of industrial policy in the economic development of Uzbekistan, which took a gradualist approach in transition and continued to record rapid economic growth from the early 2000s. It stopped depending on cotton monoculture and was able to achieve self-sufficiency in grain. It transformed itself from a net fuel importer to an exporter. The government promoted the manufacturing sector, focusing on the heavy industries, such as the automotive and chemical industries. Industrial restructuring in Uzbekistan has been supported by the industrial policy. The government has taken several industrial policy measures, including tax and financial incentives, state orders, policy selectively welcoming foreign direct investment, import protection and export promotion, and exchange-rate management. This paper provides policy implications for the other developing and transition economies pursuing economic development and considers the appropriate role of the government.

Original languageEnglish
Pages (from-to)240-257
Number of pages18
JournalPost-Communist Economies
Volume31
Issue number2
DOIs
StatePublished - 4 Mar 2019

Keywords

  • economic development
  • industrial policy
  • Industrialisation
  • Uzbekistan

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