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Article . 2024 . Peer-reviewed
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Comparative Analysis Of The Index Of Economic Freedom In Central Asia: A Focus On Uzbekistan

Authors: Odashev, Iqboljon;

Comparative Analysis Of The Index Of Economic Freedom In Central Asia: A Focus On Uzbekistan

Abstract

This article examines the Index of Economic Freedom as a key indicator of strategic economic development, focusing on the analysis of economic freedom in Central Asian countries from 2000 to 2023. The study delves into the specific context of Central Asia, which comprises nations such as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan that have experienced significant political and economic changes since their independence. By considering various parameters and indicators used in the Index of Economic Freedom, including ease of doing business, trade freedom, government size, monetary policy, property rights, and regulatory efficiency, this analysis aims to provide a comprehensive understanding of the evolution of economic freedom in Central Asia. It assesses the reforms undertaken and challenges faced by each country, taking into account their unique political and economic circumstances. Furthermore, the article explores the impact of external factors such as global financial crises, regional conflicts, and geopolitical dynamics on the economic freedom of these nations. It highlights the role of economic freedom as a driver of strategic economic development in Central Asia, discussing how improvements in economic freedom can foster entre- preneurship, attract foreign direct investment, boost productivity, and enhance overall economic per- formance. Additionally, the study emphasizes the potential benefits of greater economic freedom in terms of poverty reduction, job creation, and social welfare in Central Asia. The findings aim to pro- vide valuable insights for policymakers, researchers, and development practitioners seeking to pro- mote sustainable and inclusive economic growth in the region. By analyzing the trends and patterns of economic freedom over the years, this article aims to generate meaningful recommendations and strategies for fostering strategic economic development in Central Asia.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
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