scholarly journals Considerations on “Uzbekistan's Development Strategy for 2017-2021”: Opportunities for Regional Economic Cooperation and Balanced Foreign Policy Optio

2018 ◽  
Author(s):  
Ersan Bocutoğlu
Keyword(s):  
Economic Development ◽  
Foreign Policy ◽  
Development Strategy ◽  
Economic Cooperation ◽  
Electronic Library ◽  
Regional Economic ◽  
Priority Areas ◽  
Central Asian ◽  
Article 5

The aim of this paper is to investigate the outcomes of Article 3 covering priority areas of economic development and liberalization and the Article 5 covering implementation of balanced, mutually beneficial and constructive foreign policy of “Uzbekistan's Development Strategy for 2017-2021” pioneered by Honorable Shavkat Mirziyoyev, President of Uzbekistan, who came to power in 2016. The method followed in this investigation is descriptive and literature and data used are acquired via electronic library and inter-net. It is concluded that President Mirziyoyev’s new initiative is to motivate Central Asian states in that they may develop a mutually benefitted regional economic cooperation among themselves and pursue a balanced, mutually benefitted and constructive foreign policy vis-à-vis China and Russia.

scholarly journals The Impact of Economic Specialization on Regional Economic Development in the European Union: Insights for Formation of Smart Specialization Strategy

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 76
Author(s):  
Giedrė Dzemydaitė
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Regional Economic Development ◽  
The European Union ◽  
Location Quotient ◽  
Regional Economic ◽  
Clear Cut ◽  
Smart Specialization ◽  
Economic Specialization ◽  
The Impact

The smart specialization concept was implemented in the EU in 2014, stating that regions have to specify specialization areas for development of innovations. Economic specialization reveals a comparative advantage in that field. However, there are different arguments linking specialization to economic development. This study analyzes these arguments and aims to investigate the impact of economic specialization on regional economic development and to give insights into identifying prospective areas in regional economies. A panel fixed effect estimation of industry-level regional data suggests that economic specialization in broader regional employment, called relative specialization, is ambiguously associated with economic development. Our findings suggest that neither economic specialization nor economic diversity are a clear-cut solution for ensuring economic growth. Economic structure in EU regions differs, and there is no one answer for which approach is better for economic development. Specialization measures, particularly the location quotient, cannot fully capture the dynamics in the industry structure that could be essential for formation of regional development strategy.

KAZAKHSTAN’S POSITION IN THE ECONOMIC COOPERATION WITH OTHER COUNTRIES OF CENTRAL ASIA

2021 ◽  
Vol 22 (2) ◽  
pp. 110-121
Author(s):  
Karlygash MUKHTAROVA ◽  
Yermukhambet KONUSPAYEV ◽  
Klara MAKASHEVA ◽  
Karim SHAKIROV
Keyword(s):  
Central Asia ◽  
Economic Model ◽  
Raw Materials ◽  
Economic Cooperation ◽  
Asian Countries ◽  
Regional Economic ◽  
Economic Relations ◽  
Central Asian ◽  
Central Asian Countries ◽  
Economic Ties

Improving the forms and mechanisms of regional economic integration, deepening the mutual understanding on the formation of an economically and politically secure integrated space, expanding trade and economic relations, elaborating joint actions to maintain regional peace and stability, creating a single information space are among the key areas that have become the basis of cooperation among the Central Asian region (CAR) states. The authors reveal the positive aspects of cooperation among the CAR countries—Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Tajikistan. First and foremost, these include common historical roots, linguistic and cultural similarity, convenient geographical location and established economic ties, which allow the states of Central Asia (CA) to establish a deeper and more active understanding of each other, to solve economic and political problems related to finding and realizing domestic investment potential and expanding regional trade and economic ties. The joint establishment of international transport corridors and infrastructure will help reduce the transport costs for Central Asian countries that supply export products to external markets, which is an important area of ​​cooperation in Central Asia. In addition, the economic problems that exist among the regional countries largely determine the nature of relations between them. Future solution of problems determines the subsequent viability of the Central Asian Regional Economic Cooperation (CAREC) and the regional development prospects. Based on the use of economic research tools, the authors examine the problems caused by the COVID-19 pandemic and their impact on the state of trade and economic relations between the regional states. Post-crisis plans for economic recovery in the Central Asian countries will be developed and implemented in the context of the need to solve the present-day problems associated with the gradual lifting of quarantine measures. In this regard, the quickest possible transition of economies to an upward growth trajectory should launch the expansion of trade and economic cooperation and ties among the Central Asian countries. The authors emphasize the fact that another important problem within CAREC is the fact that CAR economies are dominated by raw materials, which does not solve the problems of reducing social inequality and improving the welfare of the regional population. For this reason, Kazakhstan, like other Central Asian countries, is currently in search of a new economic model. The transformation is crucial because the country needs to overcome its excessive long-term dependence on the export of oil and raw materials. The new economic model should be focused on further industrialization and diversification of the economy, on the search for new innovative approaches and development strategies.

scholarly journals Regional Economic Cooperation

2011 ◽  
Vol 5 (2) ◽  
Author(s):  
Gordon M. Gough ◽  
Sivakumar Venkataramany
Keyword(s):  
Foreign Policy ◽  
Free Trade ◽  
Global Economy ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Economic Cooperation ◽  
Need To Belong ◽  
Regional Economic

Free trade agreements are an essential segment of the global economy. Regional economic cooperation is the fuel firing the push towards a global economy. Nations will need to belong to some type of regional economic cooperation unit to compete with other regionally aligned nations. This article provides three factors (1) an overview of the qualifications that exist regarding FTAs, (2) comparison of the four largest FTAs (EU, NAFTA, MERCOSUR, and ASEAN), and (3) FTAs effect on global foreign policy. These factors demonstrate the vitality of a regional future.

scholarly journals TAX DISTRIBUTION OF REGIONAL ECONOMIC COOPERATION UNDER GLOCALIZATION AND LOCAL SELFFGOVERNANCE REFORMING CONDITIONS

2019 ◽  
Vol 21 (1(70)) ◽  
pp. 85-97
Author(s):  
O.I. LAIKO ◽  
V.P. TALPA ◽  
Z.V. CHECHOVICH
Keyword(s):  
Economic Development ◽  
Economic Cooperation ◽  
Economic Systems ◽  
Regional Economic ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Scientific Principles ◽  
Regulatory Measures ◽  
Administrative Units ◽  
Stimulation Of

Topicality. The urgency is explained by the need of use of taxation regulatory leverage for stimulation of territorial communities cooperation, as well as the development of scientifically substantiated grounds for the economic cooperation of regional economic systems is to be developed in order to increase their socio-economic development and on the basis of improving of the institutional basis in favorable conditions for local self-government reform and inclusion of local systems globalization processes. In the process of active decentralization reform, realization of efforts to build effective local selfgovernance and achieve the development of territorial economic systems on the basis of European integration and the implementation of international best practices and trends, it is necessary to regulate the use of cooperation measures. The practice of applying of contractual forms of cooperation between administrative units in order to improve their economic capacity, which has been spread in the EU, has not been widely disseminated and implemented in Ukraine, despite its exceptional value as a measure to stimulate the socio-economic development of the regions and as an instrument for implementing of strategic documents initiatives on regional policy in Ukraine and in the EU.Aim and tasks. The purpose of the article is to determine the scientific basis for tax incentives for regional economic cooperation as a measure of increase of socio-economic development level, to substantiate the proposals of stimulation of the implementation of investment and innovative projects, that are aimed at improving the community's welfare on local, regional, national and international levels due cooperation tools and better use of local resources and the benefits of territorial units during their participation in economic exchange, that is - during the glocalization process.Research results. It's proposed the scientific principles of tax stimulation of economic cooperation at the regional level and the essence of regional economic cooperation process, achieved by administrative units, is determined. It's stated that such sense should correspond and improve the existing principles and provisions of the European regional policy, implementation means of which are to be updated in accordance with national features and trends of economic system development. The scientific principles and measures that are to stimulate economic cooperation are developed on the basis of actual provisions of the modern institutional environment, including the Tax and Budget Codes of Ukraine. It has been established that the proposed regulatory tax measures have become possible for practical use, on the basis of appropriate scientific justification, due to modern changes in the budget legislation and are promising for implementation, especially in the aspect of the implementation of new large-scale investment projects, and as a lever to support the development of economic growth.The list of local taxes and fees with the help of which it is possible to stimulate regional economic cooperation is determined, the methodical bases of the regulation of economic cooperation are formulated, in the context of inclusion of territorial communities in the processes of global economic exchange. The measures of stimulation of economic cooperation and implementation of strategically important investment projects with global character are proposed. The measures are to establish preferential rates for local taxes within the existing powers of local self-governmental bodies, the application of privileges for reinvestment operations, the drawing up of strategic plans for promising investment-oriented taxation at the territorial level communities and regions.Conclusion. The results of the research are outlined in the article, in the form of regulatory measures, and are actually necessary for central and regional authorities, since they contain a scientific justification for the effective promotion of economic transformations in a territorial context in according to the implementation needs of the reform of local self-governance and taking into account the influence of the processes of globalization. The prospect for further research includes the formulation of methodological approaches to the determining of tax regulators set that are to stimulate socio-economic development and stimulate regional cooperation, to assess the effectiveness of such regulatory measures.

A New Era of Federal Involvement in Regional Economic Development? The Case of the Wired Initiative

2009 ◽  
Vol 27 (4) ◽  
pp. 593-611 ◽  
Author(s):  
Henry Renski
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Development Strategy ◽  
Workforce Development ◽  
First Generation ◽  
Regional Economic Development ◽  
Development Theory ◽  
Regional Economic ◽  
New Era ◽  
High Employment

In November 2005 the US Department of Labor's Employment and Training Administration announced a bold new initiative—Workforce Innovations in Regional Economic Development (known as WIRED). In its first iteration the WIRED initiative awarded thirteen three-year regional planning and development grants to assist regions in integrating their workforce and economic development systems to better serve emerging technologies and high employment growth sectors. In this paper I discuss the WIRED initiative as a model for federal involvement in regional economic development. Despite a sound basis in regional development theory, the implementation of WIRED fell short of its original goals that, in many cases, stymied regional attempts at innovation. The difficulties experienced by first-generation WIRED recipients led to a stark revision of the federal WIRED concept and a reversion to more traditional workforce development approaches. To be truly effective, future federal endeavors in regional economic development must overcome the persistent institutional divisions, legal impediments, and political pressures that work contrary to the desired goal of a flexible and competitive regional development strategy.

scholarly journals Socio-Economic Security: Modern Approach to Ensuring the Socio-Economic Development of the Region

2019 ◽  
pp. 6-13
Author(s):  
Bohdan Danylyshyn ◽  
Svitlana Onyshchenko ◽  
Oleksandra Maslii
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Program Implementation ◽  
Program Effectiveness ◽  
Development Program ◽  
Economic Security ◽  
Regional Governance ◽  
Regional Economic ◽  
Modern Approach ◽  
Socio Economic Development

The advantages of the program-targeted approach in ensuring region economic security are considered. It is noted that regional development programs can be a real tool for accelerating the region’s economy reforming. Directions of increasing the effectiveness of program-target program method as a tool for regional economy regulating and to ensure regional economic security are defined. The necessity of region’s social and economic security ensuring as an integral part of the socio-economic development strategy of the region is substantiated. A list of the main provisions of the regional strategic program for ensuring the socio-economic security of the region is proposed. The main objectives of the program ensuring the region’s socio-economic security are defined. It is proved that the regional socio-economic security program determines the structural restructuring directions of the economic system of the region, taking into account local potential and features of the territory and is made on the basis of economic forecasts for the region development. The conditions for the program effectiveness are stated. The subjects of the regional economic security program implementation and their responsibilities are specified. The sources of state financial support the region’s strategic development program and criteria’s of the regional governance effectiveness are defined.

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