Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan

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...

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Main Authors:	Trushin, Eskender, Carneiro, Francisco G.
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2015
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 http://hdl.handle.net/10986/22624

id	okr-10986-22624
recordtype	oai_dc
spelling	okr-10986-226242021-04-23T14:04:09Z Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan Trushin, Eskender Carneiro, Francisco G. 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 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. 2015-09-14T21:52:16Z 2015-09-14T21:52:16Z 2013-06 Brief http://documents.worldbank.org/curated/en/2013/06/17810207/changing-better-path-upper-middle-income-status-uzbekistan http://hdl.handle.net/10986/22624 English en_US Economic premise;no. 119 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Europe and Central Asia Uzbekistan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 Trushin, Eskender Carneiro, Francisco G. Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
geographic_facet	Europe and Central Asia Uzbekistan
relation	Economic premise;no. 119
description	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.
format	Brief
author	Trushin, Eskender Carneiro, Francisco G.
author_facet	Trushin, Eskender Carneiro, Francisco G.
author_sort	Trushin, Eskender
title	Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
title_short	Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
title_full	Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
title_fullStr	Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
title_full_unstemmed	Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan
title_sort	changing for the better : the path to upper-middle-income status in uzbekistan
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2013/06/17810207/changing-better-path-upper-middle-income-status-uzbekistan http://hdl.handle.net/10986/22624
_version_	1764451588744675328

Changing for the Better : The Path to Upper-Middle-Income Status in Uzbekistan

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