FREE ECONOMIC ZONES IN UZBEKISTAN: A STRATEGIC TOOL FOR ATTRACTING FOREIGN DIRECT INVESTMENT
DOI:
https://doi.org/10.55640/Keywords:
Free Economic Zones, Foreign Direct Investment, Legal Transparency, Uzbekistan, Institutional Development, Infrastructure, Global Value Chains, Economic Reform, International StandardsAbstract
This research investigates the efficacy of Uzbekistan's Free Economic Zones (FEZs) as instruments for attracting Foreign Direct Investment (FDI) and stimulating economic growth, situating this analysis within the broader context of Uzbekistan's national development strategies. The study employs a comparative approach, drawing upon a multifaceted data set encompassing primary and secondary sources. Primary sources include relevant Uzbekistani legislation pertaining to FEZs, official government documents outlining national development plans and strategies for FEZ development, and internal reports from relevant government agencies. Secondary sources comprise data from reputable international organizations such as the World Bank and UNCTAD, offering comparative benchmarks and macroeconomic indicators relevant to FDI attraction and economic growth within FEZs globally. Furthermore, the analysis incorporates peer-reviewed academic literature on the effectiveness of FEZs in various developing economies, providing theoretical frameworks and empirical evidence to contextualize the Uzbekistani case.
Downloads
References
1.Farole, T., & Akinci, G. (2011). Special Economic Zones: Progress, Emerging Challenges, and Future Directions. World Bank.
2.UNCTAD (2021). World Investment Report 2021: Investing in Sustainable Recovery. United Nations.
3.OECD (2020). Investment Policy Review of Uzbekistan. Organisation for Economic Co-operation and Development.
4.Pomfret, R. (2020). The Central Asian Economies in the Twenty-First Century: Paving a New Silk Road. Princeton University Press.
5.Iwasaki, I., & Suganuma, K. (2022). “Institutional quality and foreign direct investment: A re-examination using updated data.” The World Economy, 45(1), 84–102.
6.Presidential Decree No. PP-4516 (2019). “On Measures for Further Development of Free Economic Zones.” Republic of Uzbekistan.
7.World Bank (2022). Doing Business Report: Uzbekistan Country Profile. World Bank Group.
8.UNIDO (2019). Framework for the Development of Free Zones. United Nations Industrial Development Organization.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
Germany
United States of America
Italy
United Kingdom
France
Canada
Uzbekistan
Japan
Republic of Korea
Australia
Spain
Switzerland
Sweden
Netherlands
China
India
