TY - JOUR
T1 - The role of industrial policy in the economic development of Uzbekistan
AU - Bae, Eun Young
AU - Mah, Jai S.
N1 - Funding Information:
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.
Publisher Copyright:
© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2019/3/4
Y1 - 2019/3/4
N2 - 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.
AB - 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.
KW - economic development
KW - industrial policy
KW - Industrialisation
KW - Uzbekistan
UR - http://www.scopus.com/inward/record.url?scp=85045458356&partnerID=8YFLogxK
U2 - 10.1080/14631377.2018.1443252
DO - 10.1080/14631377.2018.1443252
M3 - Article
AN - SCOPUS:85045458356
SN - 1463-1377
VL - 31
SP - 240
EP - 257
JO - Post-Communist Economies
JF - Post-Communist Economies
IS - 2
ER -
