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The Uzbek Model of Economic Development, 1991–91

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  • Richard Pomfret

Abstract

Uzbekistan has been difficult to classify among the thirty‐plus economies in transition during the 1990s and has posed a puzzle, because it is a slow reformer but relatively good performer. This paper argues that there is no simple Uzbek model. Uzbekistan's economic reform process has been inconsistent gradualism through three different phases during the 1990s. Economic performance was due to favourable external conditions during the first half of the 1990s and to reasonably good policy‐making, although policy errors in late 1996 led to negative effects. Uzbekistan illustrates the importance of policy, but sheds little light on a debate framed in terms of rapid reform versus gradualism.

Suggested Citation

  • Richard Pomfret, 2000. "The Uzbek Model of Economic Development, 1991–91," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 733-748, November.
    • Handle: RePEc:bla:etrans:v:8:y:2000:i:3:p:733-748
    DOI: 10.1111/1468-0351.00062
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    Cited by:

    1. Kathryn H. Anderson & Richard Pomfret, 2004. "Spatial Inequality and Development in Central Asia," WIDER Working Paper Series RP2004-36, World Institute for Development Economic Research (UNU-WIDER).
    2. Campos, Nauro F. & Horváth, Roman, 2006. "Reform Redux: Measurement, Determinants and Reversals," IZA Discussion Papers 2093, Institute of Labor Economics (IZA).
    3. Shahboz Babaev, 2020. "Implementation of Irish Foreign Direct Investment Policy in Uzbekistan," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(4), pages 193-195, April.
    4. Arman Mazhikeyev & T.Huw Edwards & Marian Rizov, 2014. "Openness and Isolation: the comparative trade performance of the Former Soviet Central Asian countries," Discussion Paper Series 2014_02, Department of Economics, Loughborough University, revised Feb 2014.
    5. Ichiro Iwasaki & Taku Suzuki, 2016. "Radicalism Versus Gradualism: An Analytical Survey Of The Transition Strategy Debate," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 807-834, September.
    6. Kakhkharov, Jakhongir, 2003. "Privatization of Corporations in Uzbekistan in Comparison with Transition Economies of Central and Eastern Europe," MPRA Paper 64129, University Library of Munich, Germany.
    7. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics and Public Policy Working Papers 2009-32, University of Adelaide, School of Economics and Public Policy.
    8. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.
    9. Mazhikeyev, Arman & Edwards, T. Huw & Rizov, Marian, 2015. "Openness and isolation: The trade performance of the former Soviet Central Asian countries," International Business Review, Elsevier, vol. 24(6), pages 935-947.
    10. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia’s Transition After Fifteen Years : Growth and Policy Choices," Macroeconomics Working Papers 22416, East Asian Bureau of Economic Research.
    11. Iwasaki, Ichiro & 岩﨑, 一郎 & イワサキ, イチロウ, 2003. "Transition Strategies and Economic Performances in the Former Soviet States: A Comparative Institutional View," Discussion Paper Series a433, Institute of Economic Research, Hitotsubashi University.

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