International Conference on Eurasian Economies
18-20 June 2018 – Tashkent, UZBEKISTAN
Paper detail
Paper ID : 2136
Status : Paper published
Language : Turkish
Topic : Sectoral Analyses
Presenter: Prof. Dr. Ömer Selçuk Emsen
Session : 4B Dış ticaret
The Foreign Trade of Uzbekistan Economy and Its Competitiveness Power
Özbekistan Ekonomisinin Dış Ticareti ve Rekabet Gücünde Gelişmeler
- Assoc. Prof. Dr. Ziya Çağlar Yurttançıkmaz (Atatürk University, Türkiye)
- Prof. Dr. Selahattin Sarı (Doğuş University, Türkiye)
- Asst. Prof. Dr. Çağatay Karaköy (Cumhuriyet University, Türkiye)
- Prof. Dr. Ömer Selçuk Emsen (Atatürk University, Türkiye)
Abstract
Uzbekistan, one of the highest population density and historically most influential countries in the Central Asian countries, has gained political independence in 1991. Among the transition economies during the post-independence period, it is noteworthy that Uzbekistan was the reformist country at the outset, however the most striking feature is the stagnation of reforms in the ongoing time frame. In this context, incorporation into the world economy, there has been a rapid growth in foreign trade with border countries, in particularly Russia, China and Turkey. In the study, Uzbekistan's foreign trade was examined for the period of 1995-2016, and with using Balassa index, which goods groups were superior and which were weaker were researched. In the analysis according to SITC Rev.3, Uzbekistan's competitive power against its natural resource rich neighbors like Russia and Kazakhstan is weaker outside a few sectors; whereas the need for natural resources such as Turkey and China were found to be high across the high country of the competitiveness. This indicates that a competitive power based on natural resources has developed in the country's economy. In other words, it is observed that Uzbekistan has remained its competitive power based on natural resources in general and has also made a breakthrough in various processed goods and chemical sectors recent years. It can be said that this last development will contribute to the development of the emphasis on supporting policy implementations.
JEL codes:
Yurttançıkmaz, Ziya Çağlar, Sarı, Selahattin, Karaköy, Çağatay, Emsen, Ömer Selçuk (2018). "The Foreign Trade of Uzbekistan Economy and Its Competitiveness Power" in Proceedings of International Conference of Eurasian Economies 2018, pp.211-217, Tashkent, UZBEKISTAN.
DOI: https://doi.org/10.36880/C10.02136
