Publication:
Uzbekistan Country Economic Memorandum: Fostering Private Sector Led Growth and Global Integration

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-05-23T17:02:49Z
dc.date.available2025-05-23T17:02:49Z
dc.date.issued2025-05-23
dc.description.abstractUzbekistan’s economic story over the past seven years is a captivating one of transition and reform; however, the country is not yet enjoying the full economic returns from these efforts. This report shows how to spur faster growth by improving the functioning of domestic markets and their integration into international markets. At its core, Uzbekistan’s economic success needs to have a vital, dynamic, and growing private sector that creates jobs and forges new economic opportunities. Two conditions are essential for this private sector development. Firstly, integration of domestic markets results when government policies and interventions in factor markets, product markets, and public infrastructure are considered crucial for this integration. Such policies determine a firm’s production choices - what, how, and where to produce, and the distribution of goods within the country. These government actions should be carefully designed to facilitate the efficient allocation of resources across firms and sectors, and the flow of goods nationwide. Secondly, integration with external markets comes when trade barriers are lowered and costs minimized so that domestic firms can derive multiple benefits from this greater external market access. Newly opened export markets can offer huge potential to expand while lowering costs through economies of scale. Access to a broader range of low-cost, quality inputs can enable higher value and more competitive firms to operate, while competition from abroad will further boost the forces of private sector dynamism and innovation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099050625064539607
dc.identifier.doihttps://doi.org/10.1596/43237
dc.identifier.urihttps://hdl.handle.net/10986/43237
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectCOST MINIMISATION
dc.subjectDOMESTIC FIRMS
dc.subjectTRADE BARRIERS
dc.subjectCOST
dc.subjectACCESS TO MARKETS
dc.titleUzbekistan Country Economic Memorandumen
dc.title.subtitleFostering Private Sector Led Growth and Global Integrationen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-05-23
okr.date.doiregistration2025-05-25T02:16:54.654005Z
okr.date.lastmodified2025-05-09T13:04:46Zen
okr.doctypeCountry Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099050625064539607
okr.guid099050625064539607
okr.identifier.docmidP180243-48550e68-358a-4e35-bef7-236138d3d28e
okr.identifier.externaldocumentum40011104
okr.identifier.internaldocumentum40011104
okr.identifier.report201175
okr.import.id7453
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099050625064539607/pdf/P180243-48550e68-358a-4e35-bef7-236138d3d28e.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryUzbekistan
okr.sectorFY17 - Central Government (Central Agencies)
okr.sectorPublic Administration
okr.themeFY17 - Adaptation,FY17 - Trade Policy,FY17 - Job Creation,FY17 - Structural Transformation and Economic Diversification,FY17 - State-owned Enterprise Reform and Privatization,FY17 - Mitigation,FY17 - Jobs,FY17 - Trade,FY17 - Climate change,FY17 - Inclusive Growth,FY17 - Public Administration,FY17 - Economic Growth and Planning
okr.themeFY17 - Private Sector Development,FY17 - Economic Policy,FY17 - Public Sector Management,FY17 - Environment and Natural Resource Management
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicInternational Economics and Trade::Trade and Labor
okr.unitEFI-ECA-MTI-MacroFiscal-1 (EECM1)
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