Analyze Uzbekistans economy Term Paper Example | Topics and Well Written Essays - 1500 words

Analyze Uzbekistans economy - Term Paper modelUzbekistans economy has been through its share of the initial down when it was formed. It relieved its independence in 1991, and since that time, Uzbekistan has undergone frugal transformations to strive to become factor in the global economy. The collapse of the Soviet Union and the birth of Uzbekistan had left the country exposed because of the immeasurable downfall of the network of trade and suppliers. The country only had raw materials and getup processed goods available for exports, making them highly vulnerable to the world economy and thus creating a dependence on the worlds commodity prices. Uzbekistan at that time had to take drastic steps to tow polices and reforms that would influx market based aspects. However, the governance of Uzbekistan under Karimov had different set of sparing ideas. He introduced policies that had the furbish up intention of creating control over the economy and these policies played no heed towa rds producing and implementing structural reforms. The economicalal fire of the country in the beginning was very much controlled and the government was very cautious in its moves. The economic policies have somehow ensured a slow regression of privatization keeping more of government control in the state. The ineffectiveness of the economic forums brought the Uzbekistans economy as rendering and deterring factors for the foreign investments. The country then was too reluctant to listen to the economic advice on reforms by the World Bank, the IMF and various economic institutions. This led to astute increase in high levels of corruption and showcased the world about the extreme bureaucratic inefficiency to develop occupation initiatives.The core issue post independence was the soaring state control and authoritarian style of economic power. The following will shed more light on Uzbekistans post independence economic woes Privatization has been very slow and