ISSN 2091-5071
UZBEKISTAN
ECONOMIC TRENDS
Information and Analytical Bulletin
20 years of Independence in 20 Success Stories
Tashkent 2012
Editorial board:
B. Turayev
S. Ismailov
М. <...> We would like to express our special gratitude to government institutions of the Republic
of Uzbekistan, in particular to the State Statistics Committee, as well as employees of the
Center for Economic Research for their invaluable comments, ideas and many useful suggestions in preparing this publication. <...> The publication
has been produced
with the support of the UNDP
Support to the Reform Process
in Uzbekistan project
© Center for Economic Research, 2012 (www.cer.uz)
All copyrights belong to the Center for Economic Research. <...> With regard to all questions
concerning reprints, translation or acquisition of the printed versions, please, contact us
at: Center for Economic Research, 5, 1st blind alley, Shota Rustaveli St., Tashkent, 100070,
Uzbekistan. <...> BUSINESS DEVELOPMENT IS AN IMPORTANT FACTOR IN PROVIDING EMPLOYMENT AND RAISING LIVING STANDARDS ….. 40
18. <...> The economic indicators of Uzbekistan can be improved by promoting sector modernization and
diversification in line with the changes in its comparative advantages and by applying the advantages
of its later entry into the world markets for goods and services. <...> Justin Yifu Lin,
Senior Vice President and
Chief Economist of the World Bank
Over the past decade, the Uzbekistan economy has performed strongly – including throughout
the recent global economic crisis. <...> With its judicious approach to participating in the global financial
markets, and the Government's quick anti-crisis program, the country effectively avoided the global
recession, achieving GDP growth of 8.1% in 2009. <...> Our most recent projections for Uzbekistan projected
GDP growth to increase to 8.5% in 2010 and 9.0% in 2011. <...> It was able to successfully moderate
the hardships of its early transition, resume credible rates of economic growth by the late 1990s,
and substantially restructure its economy to be more self-sufficient in such critical items as energy
and food. <...> Terry McKinley,
Director of the Centre
for Development Policy and Research
Amazing transformations and results have been achieved in a very short time in all sectors,
namely, in oil and gas, agriculture, transport and transport communication sector, education and
tourism. <...> Nick Sherry,
Assistant Treasurer
of the Government <...>
Бюллетень_Экономика_Узбекистана_(на_английском_языке)_№1_2011.pdf
ISSN 2091-5071
UZBEKISTAN
ECONOMIC TRENDS
Information and Analytical Bulletin
20 years of Independence in 20 Success Stories
Tashkent 2012
Стр.1
Editorial board:
B. Turayev
S. Ismailov
М. Mirzayev
R. Abdukhakimov
А. Khaitov
Editor-in-chief:
J. Fattakhova
Project Coordinator:
Kh. Muradova
Advisors:
B. Eshonov
A. Khankhodjaev
N. Sirajiddinov
O. Gaybullayev
Technical assistance:
N. Shamukhamedov
Translator:
Z. Zaitova
ISSN 2091-5071
This publication was prepared with the wide use of governmental statistics provided by ministries,
agencies and international organizations.
We would like to express our special gratitude to government institutions of the Republic
of Uzbekistan, in particular to the State Statistics Committee, as well as employees of the
Center for Economic Research for their invaluable comments, ideas and many useful suggestions
in preparing this publication.
The publication
has been produced
with the support of the UNDP
Support to the Reform Process
in Uzbekistan project
© Center for Economic Research, 2012 (www.cer.uz)
All copyrights belong to the Center for Economic Research. With regard to all questions
concerning reprints, translation or acquisition of the printed versions, please, contact us
at: Center for Economic Research, 5, 1st blind alley, Shota Rustaveli St., Tashkent, 100070,
Uzbekistan.
Стр.2
CONTENTS
INTRODUCTION ……………………………………………………………………………………………………………..........................................................
1. FROM RECESSION TOWARDS ACCELERATED ECONOMIC GROWTH ……………………………………………...........................................
2. RESULTS OF PRIVATIZATION AND DENATIONALIZATION: FORMATION OF A PROPRIETARY CLASS ..........................……...........
3. STIMULATION OF ECONOMIC DEVELOPMENT THROUGH TAX BURDEN OPTIMIZATION …….....................….....................……..
4. CREATION OF A STABLE BANKING SYSTEM ....………………….....................…………………………………….....................................……..
5. INVESTMENT GROWTH IS A GUARANTEE OF SUSTAINABLE ECONOMIC DEVELOPMENT AND A RISEIN LIVING
STANDARDS …………………………………………………………………………......................................................................................................
6. MODERNIZATION AND PROCESS UPGRADING AS A PATH TO SUCCESSFUL INDUSTRIAL DEVELOPMENT ….............................
7. ENERGY INDEPENDENCE AS THE BASIS FOR ECONOMIC DEVELOPMENT ….......……………………………………................................
8. FOOD SELF-SUFFICIENCY – THE MAJOR ACHIEVEMENT OF AGRICULTURAL REFORMS ….........................................................
9. SATURATION OF THE MARKET WITH DOMESTICALLY PRODUCED GOODS IS THE PRIMARY TASK FOR INCREASING
CONSUMER GOODSOUTPUT …………………………………………………………………………….........................................................................
10. AUTO PRODUCTION IS THE BEGINNING OF A NEW AGE IN THE COUNTRY’S INDUSTRIAL DEVELOPMENT ….........................
11. LIGHT INDUSTRY: FROM PRODUCTION OF RAW MATERIALS AND SEMI-FINISHED PRODUCTS TO PRODUCTION OF
FINISHED GOODS ……………………………………………………………………….................……………………......……………......................................
12. THE CHEMICAL INDUSTRY: FROM IMPORT SUBSTITUTION TO EXPORTS ………...........................…..............……......................
13. THE SERVICE SECTOR: ACCELERATED DEVELOPMENT OF MODERN SERVICES …...…………………………......................................
14. MODERN ROADS OF INTERNATIONAL QUALITY IN SUPPORT OF BUILDING UP TRANSPORTATION CAPACITY …....................
15.IINFORMATION AND COMMUNICATION TECHNOLOGIES – FASTER, MORE MOBILE, REAL-TIME SERVICES ….......................
16. EXPORT DIVERSIFICATION: TRANSITION FROM EXPORTS OF RAW MATERIALS TO EXPORTS OF HIGH
VALUE-ADDED GOODS ..................................................................................................................................................................
17. BUSINESS DEVELOPMENT IS AN IMPORTANT FACTOR IN PROVIDING EMPLOYMENT AND RAISING LIVING STANDARDS …..
18. EDUCATIONAL REFORM: CREATION OF A NEW PERSONNEL TRAINING SYSTEM …….………........………………............................
19. HEALTHCARE REFORM: A DECLINE IN INFANT AND MATERNAL MORTALITY AND GROWTH IN LIFE EXPECTANCY .................
20. A TARGETED POLICY IS THE KEY TO EFFICIENT SOCIAL PROTECTION OF THE POPULATION ……..................................
APPENDIX ….…………………………………………………………………………………………………………………..........................................................
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