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ID: 120682

Differing effects of the global financial crisis on the Central / Ruziev, Kobil; Majidov, Toshtemir

Ruziev, Kobil	Journal Article
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2013.

Summary/Abstract

Kazakhstan, the Kyrgyz Republic and Uzbekistan are neighbouring countries in post-Soviet Central Asia which share similar culture and language. Their economic structures were similar under central planning: they provided the agricultural basis to the Soviet economy. But, since independence, these economies have grown structurally more heterogeneous due to variations in the implementation of market-oriented reforms, the degree of integration into the global economy and natural resource endowment. This article attempts to demonstrate how this heterogeneity can explain the differing effects of the recent Global Financial Crisis on these countries' economies in general and in the banking sector in particular.

Key Words

Global Economy ; Language ; Kazakhstan ; Uzbekistan ; Soviet Economy ; Global Financial Crisis ;
Post Soviet Central Asia

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ID: 080398

Uzbek puzzle revisited: an analysis of economic performance in Uzbekistan since 1991 / Ruziev, Kobil; Ghosh, Dipak; Dow, Sheila C

Ruziev, Kobil	Journal Article
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Publication

2007.

Key Words

Economy ; Development ; Uzbekistan

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ID: 180485

Uzbekistan’s Development Experiment: an Assessment of Karimov’s Economic Legacy / Ruziev, Kobil

Ruziev, Kobil	Journal Article
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Summary/Abstract

Uzbekistan’s unique post-independence experiment with development was led by Islam Karimov until his sudden death in September 2016. Despite defying international advice on structural reforms, under Karimov’s rule, Uzbekistan achieved an average annual growth rate of 5% in the period 1996–2016, which was particularly impressive (over 8%) in 2004–2016. Karimov also left behind strong macroeconomic fundamentals for his successor. Since taking over the presidency in December 2016, Shavkat Mirziyoyev has introduced wide-ranging reforms, creating an impression of a de facto start to transition in Uzbekistan. This study analyses Karimov’s economic legacy and assesses whether it has enabled or hindered the developmental targets set by his successor.

Key Words

Uzbekistan’s Development Experiment ; Karimov’s Economic Legacy

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