Uzbekistan: A National Path to the Market
The sovereign and independent Republic of Uzbekistan, located in the middle of Central Asia, was formed in the wake of the collapse of the former Soviet Union. Earlier, as an integral component of the "all-union" economy, Uzbekistan functioned mainly as a raw resource base, had an unequal economic exchange, and was had to follow the dictates of central authorities in Moscow. With the acquisition of independence, it became necessary to choose a form of government and a strategy for social and economic development that would ensure a transition to market relations. That national path for transition to a market economy synthesizes foreign experience with its own demographic, social-cultural, economic, and other peculiarities. The first results of this approach (during 1991-94) demonstrate the effectiveness of the Uzbek model for making the transition to market relations; as implemented during the first stage of economic reform, that model had a formal theoretical foundation and official endorsement for specific measures. The key to the model is a combination of strong social policy with reform of the national economy, while giving due respect for the equal rights of property.
Uzbekistan is located in the middle of Central Asia, in the basin of the Amu Darya and Syr Darya rivers. Its territory covers