Perspectives of Innovations, Economics and Business

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Volume 6
Issue 3
Online publication date 2010-10-07
Title EU regional trade vulnerabilities, liberalization and potential lessons for Uzbekistan trade reforms
Author Nargiza Zufarova
Abstract The aim of this paper is to present selected experiences of European Union trade liberalization, impact of globalization on vulnerable sectors of the EU. Many such experiences are discussed. Central Asian countries must consider vast amount of data, sector-specific information and aspects and still it will not be easy to say that pursued liberalization is the good direction to a wealthier nation with healthy regions, richer citizens and higher tax income for government. We start with brief introduction discussing primary motivation for European liberalization, then we focus on review selected literature sources, concluding that liberalization in general is a good thing and that there is very high probability of success but no guarantees can be drawn as every country is very specific and all policies must be pursued with high degree of attention and thorough analysis. Based on good EU examples of BFTA and CEFTA we recommend considering multilateral free trade agreement within CIS free trade area.
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References
Adam, A., Kosma, T.,  McHugh, J., 2003. “Trade-liberalization strategies: What could Southeastern Europe learn from CEFTA and BFTA?,” IMF Working paper WP/03/239, IMF Washington, DC.

Bchir, H., Fontagne, L., Zanghieri, P., 2003. “The Impact of EU enlargement on member states: A CGE approach,” CEPII, Working Paper No2003-10 http://www.cepii.fr/anglaisgraph/ workpap/pdf/2003/wp03-10.pdf

Bertrand, O., Zitouna, H., 2006. “Trade liberalization and industrial restructuring: The role of cross-border mergers and acquisitions,” Journal of Economics and Management Strategy, Vol.15, No2, pp.479-515, http://hzitouna.chez.com/papiers/Bert_Zit.pdf

Houriet, S.,1998. The effects of international trade liberalization on the health of poorest population groups, Annotated bibliography, World Health Organization,  http://whqlibdoc.who.int/hq/ 1998/WHO_TFHE_98.1.pdf

Ngo Van, L., Raff, H., Stähler, F., 2007. “The effects of trade liberalization on productivity and welfare: The role of firm heterogeneity, R&D and market structure,” Economics working paper 2007-20, Christian Albrechts University Kiel http://www.econstor.eu/bitstream/10419/22036/1/EWP-2007-20.pdf

Politecnico di Milano University: The impact of globalisation and increased trade liberalisation on European regions, Politecnico di Milano University, 2008 http://ec.europa.eu/regional_policy/ sources/docgener/studies/pdf/impact_liberalisation.pdf

Winters, L.,  McCulloch, N., McKay, A., 2002. “Trade Liberalisation and Poverty: The Empirical Evidence,” Discussion Paper 88, University of Sussex at Brighton

Keywords Trade liberalization, protectionism, regional cooperation, Central Asia.
DOI http://dx.doi.org/10.15208/pieb.2010.83
Pages 71-74
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