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EU regional trade vulnerabilities, liberalization and potential lessons for Uzbekistan trade reforms

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  • Zufarova, Nargiza

Abstract

The aim of this paper is to present selected experiences of European Union trade liberalization, impact of globalization on vulnerable sectors of the EU. Many such experiences are discussed. Central Asian countries must consider vast amount of data, sector-specific information and aspects and still it will not be easy to say that pursued liberalization is the good direction to a wealthier nation with healthy regions, richer citizens and higher tax income for government. We start with brief introduction discussing primary motivation for European liberalization, then we focus on review selected literature sources, concluding that liberalization in general is a good thing and that there is very high probability of success but no guarantees can be drawn as every country is very specific and all policies must be pursued with high degree of attention and thorough analysis. Based on good EU examples of BFTA and CEFTA we recommend considering multilateral free trade agreement within CIS free trade area.

Suggested Citation

  • Zufarova, Nargiza, 2010. "EU regional trade vulnerabilities, liberalization and potential lessons for Uzbekistan trade reforms," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 6(3), pages 1-4, October.
    • Handle: RePEc:ags:jrpieb:125816
    DOI: 10.22004/ag.econ.125816
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    References listed on IDEAS

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    1. Olivier Bertrand & Habib Zitouna, 2006. "Trade Liberalization and Industrial Restructuring: The Role of Cross‐Border Mergers and Acquisitions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(2), pages 479-515, June.
    2. Stähler, Frank & Raff, Horst & Long, Ngo Van, 2007. "The Effects of Trade Liberalization on Productivity and Welfare: The Role of Firm Heterogeneity, R&D and Market Structure," Economics Working Papers 2007-20, Christian-Albrechts-University of Kiel, Department of Economics.
    3. Antonis Adam & Mr. James McHugh & Mr. Theodora Kosma, 2003. "Trade Liberalization Strategies: What Could South Eastern Europe Learn From Cefta and Bfta?," IMF Working Papers 2003/239, International Monetary Fund.
    4. Mohamed Hedi Bchir & Lionel Fontagné & Paolo Zanghieri, 2003. "The Impact of EU Enlargement on Member States: a CGE Approach," Working Papers 2003-10, CEPII research center.
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