Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth
14
Source: ADB estimates based on UN Comtrade. https://comtrade.un.org (accessed 11 November 2019).
Figure 1.11: Product Space of Exports, Uzbekistan,
1995, 2005, and 2017
1995
2005
2017
Construction materials
and equipment
Chemicals and health
related products
Mining
Inorganic salts and acid
Home
and office products
Metal products
Processed minerals
Miscellaneous agriculture
Animal fibers
Fruit
Pulp and paper
Cereals
and vegetable oils
Food processing
Oil
Meat and eggs
Cotton, rice, soy beans,
and others
Beer, spirits, and cigarettes
Milk
and cheese
Tobacco
Tropical treecrops and
flowers
Garments
Leather
Textile and fabrics
Electronics
Fish and seafood
Aircraft
Machinery
Boilers
Ships
Agrochemicals
Precious stones
Petrochemicals
Other chemicals
Coal
Not
classified
MINING LPG
MINING
MINING
MINING
MINING
MINING
LEAThEr
LEAThEr
frUITS/VEGETABLES
frUITS/
VEGETABLES
frUITS/
VEGETABLES
PETrOLEUM
GAS
PETrOLEUM
GAS
ELECTrONICS
PETrO-
ChEMICALS
ChEMICALS
INOrGANIC ACIDS
MAChINEry
fABrICS
ANIMAL fIBErS
COAL
COTTON
COTTON
GArMENTS
COTTON
SILK
SILK
SILK
Macroeconomic Performance, Opportunities, and Challenges
15
Figure 1.12 suggests a strong positive association between a country’s
economic complexity index (ECI) value and its economic performance.
Uzbekistan’s ECI value (-0.68 in 2016, Figure 1.13) compares favorably with
the RRDC average (which was –1.11 in 2016). However, there is a big gap
between Uzbekistan’s ECI and the average for resource rich countries that
have reached at least upper-middle-income status (–0.19).
7
Uzbekistan’s
ECI did not improve between 1995 and 2016,
similar to the RRDC average,
although there are exceptions among the RRDC group: the ECI for Angola
improved significantly (+0.63), as did that of Indonesia (+0.43), the Lao
People’s Democratic Republic (+0.22), and Viet Nam (+1.12). The lesson
from these countries is that export diversification is possible independent of
market conditions and despite vast resource wealth.
7
The countries are Brazil, Botswana, Chile, Kuwait, Oman, Qatar,
Saudi Arabia, and the United Arab Emirates.
GDP=gross domestic product, PPP = purchasing power parity, PRC = People’s Republic of China,
US = United States.
Notes: The Economic Complexity Index is a ranking of countries based on the diversity and complexity of
their export baskets. Countries that have a great diversity of productive know-how,
particularly complex
specialized know-how, are able to produce a great diversity of sophisticated products. The complexity
of a country’s exports is found to highly predict current income levels, or where complexity exceeds
expectations for a country’s income level, the country is predicted to experience
more rapid growth in the
future. The index therefore provides a useful measure of economic development.
Sources: ADB estimates based on UN Comtrade database. https://comtrade.un.org; and World Bank,
World Development Indicators. http://www.databank.worldbank.org/ for GDP per capita (both accessed
11 November 2019).
Economic Complexity Index
Log of GDP per capita (2011 PPP$)
Uzbekistan
Singapore
Japan
US
Russian Federation
Kazakhstan
Turkmenistan
Rep. of Korea
Malaysia
Thailand
PRC
Georgia
Armenia
Moldova
Malawi
Ethiopia
–3.0
3.0
–2.0
–1.0
0.0
1.0
2.0
6
7
8
9
10
11
12
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