Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth

Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth PDF Author: Kym Anderson
Publisher: Asian Development Bank
ISBN: 9292621955
Category : Law
Languages : en
Pages : 217

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Book Description
Uzbekistan has achieved sustained growth through its gradual transition to a market-based economy through cautious economic policy reforms. Despite its gradual approach to development challenges, the country experienced the smallest output decline among former Soviet economies and enjoyed high rates of economic growth from 2004 to 2015, largely driven by the high prices of its major export commodities. However, the drop in the global prices of many key commodities in recent years have severely impacted Uzbekistan's economy. Under these circumstances, the new government introduced major reforms. The pace of reform is unprecedented. The government has formulated its long-term economic strategy in its Vision 2030, which aims to double the country's gross domestic product by 2030 through a program of economic diversification. This book analyzes how Uzbekistan can boost sustainable economic growth to create more and better jobs. It considers how the country can consolidate achievements from recent policy reforms and maintain reform efforts to accelerate sustainable growth. Policy recommendations cover fostering macroeconomic stability, increasing investment in physical infrastructure, enhancing human capital, improving firms' access to finance, and lowering barriers to international trade and foreign investment inflows.

Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth

Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth PDF Author: Kym Anderson
Publisher: Asian Development Bank
ISBN: 9292621955
Category : Law
Languages : en
Pages : 217

Get Book

Book Description
Uzbekistan has achieved sustained growth through its gradual transition to a market-based economy through cautious economic policy reforms. Despite its gradual approach to development challenges, the country experienced the smallest output decline among former Soviet economies and enjoyed high rates of economic growth from 2004 to 2015, largely driven by the high prices of its major export commodities. However, the drop in the global prices of many key commodities in recent years have severely impacted Uzbekistan's economy. Under these circumstances, the new government introduced major reforms. The pace of reform is unprecedented. The government has formulated its long-term economic strategy in its Vision 2030, which aims to double the country's gross domestic product by 2030 through a program of economic diversification. This book analyzes how Uzbekistan can boost sustainable economic growth to create more and better jobs. It considers how the country can consolidate achievements from recent policy reforms and maintain reform efforts to accelerate sustainable growth. Policy recommendations cover fostering macroeconomic stability, increasing investment in physical infrastructure, enhancing human capital, improving firms' access to finance, and lowering barriers to international trade and foreign investment inflows.

Uzbekistan

Uzbekistan PDF Author: Kym Anderson
Publisher:
ISBN: 9789292621940
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
This book analyses how Uzbekistan can boost sustainable economic growth to create more and better jobs. It considers how the country can consolidate achievements from recent policy reforms and maintain reform efforts to accelerate sustainable growth. Policy recommendations cover fostering macroeconomic stability, increasing investment in physical infrastructure, enhancing human capital, improving firms' access to finance, and lowering barriers to international trade and foreign investment inflows.

Harnessing the Fourth Industrial Revolution through Skills Development in High-Growth Industries in Central and West Asia—Uzbekistan

Harnessing the Fourth Industrial Revolution through Skills Development in High-Growth Industries in Central and West Asia—Uzbekistan PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 929270138X
Category : Technology & Engineering
Languages : en
Pages : 143

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Book Description
Fourth Industrial Revolution (4IR) technologies have brought about unprecedented changes to labor markets, and the coronavirus disease further hastened digital transformations. While the application of 4IR technologies spell opportunities for productivity growth and income gains, they also create challenges, including job losses. Investing in skills for 4IR and incorporating 4IR technologies in the delivery of training can smoothen the transition to 4IR workplaces. To provide insights on the opportunities of 4IR, studies were undertaken in three countries—Azerbaijan, Pakistan, and Uzbekistan. This report, focusing on Uzbekistan, presents evidence from surveys of employers and training institutions, as well as an analysis of job portals for the agro-processing and transportation and storage sectors. It lays out policy directions and actions to harness the benefits of 4IR for growth, employment, and inclusive development.

Harnessing the Fourth Industrial Revolution through Skills Development in High-Growth Industries in Central and West Asia

Harnessing the Fourth Industrial Revolution through Skills Development in High-Growth Industries in Central and West Asia PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 929270141X
Category : Technology & Engineering
Languages : en
Pages : 127

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Book Description
Fourth Industrial Revolution (4IR) technologies have brought about unprecedented changes to labor markets, and the coronavirus disease further hastened digital transformations. While the application of 4IR technologies spell opportunities for productivity growth and income gains, they also create challenges, including job losses. Investing in skills for 4IR and incorporating 4IR technologies in the delivery of training can smoothen the transition to 4IR workplaces. To provide insights on the opportunities of 4IR, studies were undertaken in three countries—Azerbaijan, Pakistan, and Uzbekistan. This report synthesizes findings and analysis from the three studies, drawn from (i) surveys of employers and training institutions, (ii) data collected from selected job portals in the three countries, and (iii) review of policies and strategies relating to 4IR. It lays out policy directions and actions to harness the benefits of 4IR for growth, employment, and inclusive development.

Technical and Vocational Education and Training in Tajikistan and Other Countries in Central Asia

Technical and Vocational Education and Training in Tajikistan and Other Countries in Central Asia PDF Author: Eiko Kanzaki Izawa
Publisher: Asian Development Bank
ISBN: 9292627104
Category : Education
Languages : en
Pages : 146

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Book Description
Tajikistan and other countries in Central Asia, such as Kazakhstan, the Kyrgyz Republic, Turkmenistan, and Uzbekistan, are striving to align technical and vocational education and training (TVET) with their economic realities. Job shortage and the gap between TVET and the needs of employers must be addressed by these countries. This publication details how TVET has evolved in Tajikistan and other countries in the region. It recommends improvements through the use of a labor market information system to match skills supply with industry demand, decentralization of governance and management, integration of information and communication technology for lifelong learning, and intensified regional collaboration and experience sharing.

New Uzbekistan

New Uzbekistan PDF Author: Bakhrom Mirkasimov
Publisher: Taylor & Francis
ISBN: 1040021824
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
This book reviews and analyses the comprehensive socioeconomic reforms undertaken in Uzbekistan since 2016 by the government led by President Shavkat Mirziyoyev. The volume takes the reader through the different sectors of the economy and the effects of reforms on the country’s citizens. The various developments are detailed, examining the gains and the gaps in terms of policy and implementation. Using the broad tools of economics and, in particular, of development economics, the authors present evidence to drive their conclusions and recommendations, and also draw on comparative cases from policy and practice to illustrate alternative approaches and results from measures in other transition countries. Implementing Uzbekistan’s ambitious economic transformation into a market economy is a challenging process that takes time. This book provides the first systematic and comprehensive discussion of the government’s reform areas, including the macroeconomic fundamentals, business and investment climate, the energy, transport, health, education, social protection, financial, banking and agriculture sectors, regional trade, tourism and transport connectivity, reform of state-owned enterprises, as well as public services, citizen engagement and gender equality.

Weathering Economic Storms in Central Asia Initial Impacts of the War in Ukraine

Weathering Economic Storms in Central Asia Initial Impacts of the War in Ukraine PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264389032
Category :
Languages : en
Pages : 59

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Book Description
Russia’s war against Ukraine and the international sanctions introduced against the former have had an unexpectedly mild impact on Central Asia, despite the region’s deep economic dependence on its northern neighbour. Notwithstanding high inflation, the five Central Asian states – Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan and Uzbekistan – have so far shown surprising resilience to the economic headwinds.

The European Union, China and Central Asia

The European Union, China and Central Asia PDF Author: Fabienne Bossuyt
Publisher: Routledge
ISBN: 1000468844
Category : Political Science
Languages : en
Pages : 312

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Book Description
This book examines the involvement of the European Union (EU) and China in Central Asia and critically assesses the implications this has for the region as a whole. The volume adopts a comprehensive, interdisciplinary approach, combining insights from International Relations, EU Studies, International Economics, International Law, Sinology, and History. It concentrates on three thematic levels: (1) historical and contextual, (2) geopolitical and geo-economic, and (3) socio-cultural and institutional. Paying particular attention to the role of the EU and the factors driving the EU’s and China’s relations with Central Asia, it looks at how the Central Asian countries position themselves vis-à-vis China’s growing influence, and how the balance of power between China, Russia, and the EU plays out. Contributors also explore the important historical context of the ‘Silk Routes’, as well as of the erstwhile connection of the Central Asian states with the Soviet Union. Critically analysing the potential areas for collaboration and synergy between the EU and China, the book also discusses the extent to which they share a common ground in Central Asia that could serve as a basis for long-term cooperation. It will be of interest to all scholars and students of International Relations, Economics, Sinology, and History.

Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development

Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development PDF Author: Aimee Hampel-Milagrosa
Publisher: Asian Development Bank
ISBN: 9292623117
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
Azerbaijan has set the course for the economy to reduce its dependence on oil by promoting new drivers of growth. By 2025, under the government’s Strategic Roads Maps, a more diversified economy should take shape led by three sectors: agriculture, tourism, and manufacturing. Bold reforms need to strengthen areas of the economy that could otherwise impede this transition, and policy makers must resolutely stay on the reform path. The core message of this publication is diversification toward non-oil sources of growth alongside efforts to reduce macroeconomic risks and the high cost of finance, make the education system responsive to the needs of the labor market, close infrastructure gaps, and help economically significant state-owned enterprises become more efficient.

Private Sector Job Creation in MENA: Prioritizing the Reform Agenda

Private Sector Job Creation in MENA: Prioritizing the Reform Agenda PDF Author: Mr.Benedicte Baduel
Publisher: International Monetary Fund
ISBN: 1513515799
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected their employment performance. The results suggest that small firms in MENA faced more structural constraints than similar firms in other regions. We also find that MENA firms’ weaker job creation can be explained in great part by the macroeconomic environment and structural constraints. Low GDP growth, falling external competitiveness, corruption, lack of access to finance and poor access to electricity are found to explain a significant part of the lack of employment growth in MENA firms compared to their peers.