Changing for the Better

As a low-middle-income country with a gross domestic product (GDP) per capita of US$1,715 and a population of 30 million (nearly half of all of the Central Asian population), Uzbekistan has seen stable economic progress since the mid-2000s, both in terms of growth and poverty reduction. Growth has averaged 8 percent per year since 2004 and extreme poverty has declined from 27 percent in 2000 to 15 percent in 2012. Encouraged by this outstanding growth performance, the Uzbek authorities have set an ambitious goal for the country, to join the group of upper-middle-income countries by 2030. This note discusses the main challenges that the government is likely to face and the structural transformations that the economy will have to undergo to achieve this objective.

Bibliographic Details

Main Authors:	Trushin, Eskender, Carneiro, Francisco G.
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2013-06
Subjects:	ADVANCED ECONOMIES, ADVANCED ECONOMY, AGRICULTURE, BANK OFFICE, CAPITAL GOODS, COMMODITIES, COMMODITY, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONNECTIVITY, CONSOLIDATION, CONSUMERS, CREDIBILITY, CURRENCY, DEBT, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT STRATEGY, DIRECTED CREDIT, DISTORTIONS, ECONOMETRIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC MODEL, ECONOMIC POLICY, ECONOMIC PROGRESS, EMERGING ECONOMIES, EQUIPMENT, EXCHANGE RATE, EXPORTERS, EXPORTS, EXTERNAL DEMAND, EXTREME POVERTY, FINANCIAL CRISIS, FINANCIAL MARKET, FINANCIAL MARKET DEVELOPMENT, FINANCIAL MARKETS, FINANCIAL SECTOR, FOREIGN EXCHANGE, FOREIGN EXCHANGE CONTROL, FOREIGN EXCHANGE CONTROLS, FOREIGN MARKET, FOREIGN MARKETS, FUTURE GROWTH, GDP, GDP PER CAPITA, GLOBAL ECONOMY, GOLD, GOVERNANCE INDICATORS, GOVERNMENT INVESTMENT, GOVERNMENT POLICY, GROSS DOMESTIC PRODUCT, GROWTH PERFORMANCE, HIGH-INCOME COUNTRIES, IMPLICIT TAX, IMPORT, IMPORTS, INCOME, INCOME TAXES, INDUSTRIAL ECONOMY, INEFFICIENCY, INTERNATIONAL DEVELOPMENT, INTERNATIONAL PRICES, INVESTMENT PROJECTS, JOINT-STOCK COMPANIES, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LAND USE, LIVING STANDARDS, MACROECONOMIC ENVIRONMENT, MACROECONOMIC MANAGEMENT, MARKET ECONOMY, MARKET EFFICIENCY, MARKET PRICES, MARKET SIZE, METALS, MIDDLE-INCOME COUNTRIES, MIDDLE-INCOME COUNTRY, NATURAL RESOURCES, OIL, OPPORTUNITY COSTS, OUTPUT, PERSONAL INCOME, POLICY ENVIRONMENT, POVERTY REDUCTION, PRICE INDEX, PRIVATE INVESTMENT, PRODUCERS, PRODUCTION PROCESSES, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PROPERTY RIGHTS, PUBLIC INVESTMENT, RAPID GROWTH, REAL GDP, REGIONAL TRADE, RELATIVE PRICES, RESOURCE ALLOCATION, RISK AVERSION, RULE OF LAW, SOVEREIGN DEBT, STRUCTURAL CHANGE, STRUCTURAL REFORM, SUSTAINABLE GROWTH, TAX, TAXATION, TERMS OF TRADE, TOTAL EXPORTS, TRADE LIBERALIZATION, TRADE POLICIES, TRADE PROTECTION, TRADE RESTRICTIONS, TRADING, TRADING PARTNERS, TRANSACTION, TRANSACTION COSTS, TRANSPARENCY, WAGES, WORLD MARKET, WORLD MARKETS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17810207/changing-better-path-upper-middle-income-status-uzbekistan https://hdl.handle.net/10986/22624
Tags:	Add Tag No Tags, Be the first to tag this record!