Results of ISI Implementation in Uzbekistan (in The Example of Uzbek Automotive Industry): Achievements and Negative Outcomes
DOI:
https://doi.org/10.52218/ijbtob.v1i3.96Keywords:
Import-Substituting Industrialization, Policy implementation, Negative outcomes, Positive outcomes, Uzbek automotive industryAbstract
Since independence, policymakers have tried to set trade restrictions. As a result, the Uzbek economy has gained some positive outcomes and experienced difficulties relating to this policy as well. In this regard, the article presents how ISI (Import-Substituting Industrialization) policy caused the appearance of at least one multinational enterprise for the production of cars and components in the Uzbek automobile industry, as well as a comfortable entrepreneur environment for local firms and other privileges of ISI policy to some extent. Moreover, the article shows negatives of ISI, as well. As advocated in many studies, ISI policy causes some negative results, such as restrictions on market access, weak competitive environment, consumer welfare problems, and so on.
Key words. Import-Substituting Industrialization, Policy implementation, Negative outcomes, Positive outcomes, Uzbek automotive industry.
Downloads
References
Aripova, M. S. (2021). IMPORTANCE OF BRANDING IN HOTEL BUSINESS. Scientific progress, 1(6), 1092-1097.
Bakhromov, N. (2011). The exchange rate volatility and the trade balance: case of Uzbekistan. Journal of Applied Economics and Business Research, 1(3), 149-161.
Kayumovich, K. O., Annamuradovna, F. S., Alimovich, F. E., Alisherovna, D. N., & Olimovich, D. I. (2020). Opportunity of digital marketing in tourism sphere. International Journal of Psychosocial Rehabilitation, 24(8).
Kodirov, N. (2020). Policy aimed at the production of import-substituting products in the management of competitiveness. International Finance and Accounting, 2020(6), 26.
Muradova, K., Chepel, S., Gulyamov, R., Katanova, M., & Vakhidova, L. (2010). The Experience of Uzbekistan in
Building of Equilibrium Econometric Model for Macroeconomic Analysis and Forecasting (No. 330700109). EcoMod.
Nurov, Ziyodulla, (2017). Conceptual framework for the factors impacting on the feasibility and effectiveness of Import-Substituting Industrialization (ISI). Materials of Forum IX of economists / Tashkent: IFMR, 468p.
Nurov, Z. S., & Nurova, G. N. (2021, March). Conceptual framework for factors affecting the feasibility of the isi. In E-Conference Globe (pp. 276-280).
Nurov, Z. S., Khamroyeva, F. K., & Kadirova, D. R. (2021, March). Development of domestic tourism as a priority of the economy. In E-Conference Globe (pp. 271-275).
Olimovich, D. I., Samatovich, R. S., Farmanovna, E. A., Khabibulayevna, K. S., & Saymurodovich, N. Z. (2020). The economic impact of innovations in tourism and hospitality. Journal of Critical Reviews, 7(9), 258-262.
Olimovich, D. I., Kudratovna, F. S., & Sayfitdinovich, I. B. (2020). The importance of marketing analysis for predicting the prospects of restaurants in Bukhara hotels. Economics, (1 (44)).
Olimovich, D. I., Temirkulovich, U. J., & Bakhodirovna, M. M. (2020). Mechanisms of improving staff training. Academy, (2 (53)).
Olimovich, D. I. (2015). Tourism potential of Uzbekistan. Lucrările Seminarului Geografic" Dimitrie Cantemir", 40, 125-130.
Olimovich, D. I. (2020). Role of investment in tourism development. Academy, (5 (56).
Olimovich, D. I. (2020). The impact of innovative technologies for improving economy of hotels. Asian Journal of Multidimensional Research (AJMR), 9(5), 194-201.
Samatovich, R. S. (2021). Importance of Marketing in Tourism and Hotel Industry. International Journal of Business, Technology and Organizational Behavior (IJBTOB), 1(2), 79-84.
Sharifovich, Y. K. (2021). Ways to Improve Information and Consulting Services in the Field of Tourism. International Journal of Business, Technology and Organizational Behavior (IJBTOB), 1(2), 98-104.
State Committee of the Republic of Uzbekistan on Statistics, www.stat.uz
Tesla Motors, https://www.tesla.com/about
The United Nations Statistics Division, http://unstats.un.org/unsd/tradekb/Knowledgebase/Intermediate-Goods-in-Trade-Statistics
TRADEMAP (COMTRADE), https://www.trademap.org/
Tsereteli, M. (2018). The Economic Modernization of Uzbekistan. Uzbekistan's New Face, 82.
UNDP, Development Focus Survey (2013). The Uzbekistan Auto Industry: Sources of Growth Outside the Sector
United Nations, Department of Economic and Social Affairs, Population Division (2017). World Population Prospects: The 2017 Revision, DVD Edition.
World Bank. (2019). “Financial Inclusion.” Europe and Central Asia Economic Update (Spring), Washington, DC: World Bank. Doi: 10.1596/978-1-4648-1409-9. License: Creative Commons Attribution CC BY 3.0 IGO.
