National Interests: Priorities and Security
 

National priorities of the Republic of Uzbekistan during the integration into global economic ties

Vol. 14, Iss. 9, SEPTEMBER 2018

Received: 27 March 2018

Received in revised form: 14 May 2018

Accepted: 19 June 2018

Available online: 14 September 2018

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: F15, F53, F63

Pages: 1731–1744

https://doi.org/10.24891/ni.14.9.1731

Ziyadullaev N.S. Market Economy Institute of Russian Academy of Sciences (MEI RAS), Moscow, Russian Federation
nabi926@mail.ru

ORCID id: not available

Ziyadullaev U.S. Tashkent State University of Economics (TDIU), Tashkent, Republic of Uzbekistan
uz2005@yandex.ru

ORCID id: not available

Importance The article examines imperatives of ensuring national interests developing countries pursue when attracting and using external financing. The research shows the importance of external financing to modernize and develop independent economies, including issues of luring foreign direct investment.
Objectives The research identifies the most important tools for international financial institutions to finance special-purpose projects in pursuit of the national security of the Republic of Uzbekistan. We attempt to find measures and form institutional principles for integrating the national economy into the global capital market under the Action Strategy for Five Priority Areas of the Republic of Uzbekistan in the nearest future.
Methods We carried out the content analysis of financial documents on special-purpose projects implemented by international financial institutions in pursuit of the national security of the Republic of Uzbekistan. Other available materials are also examined.
Results The article shows the process of introducing new market mechanisms for currency, fiscal and monetary regulation, raising the national export potential to improve the investment climate and business environment. We pinpoint what conditions should be in place for inflation targeting, including a reliable statistical framework and the slightest link of the national currency on the foreign exchange rate, existence of financial markets.
Conclusions and Relevance It is advisable to deepen the cooperation with the Russian and international financial institutions, leading foreign companies and banks. The article highlights possible ways to increase the effectiveness of foreign investment attracted into the country.

Keywords: economic security, integration, international financial institution, emerging economy, investment climate

References:

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