The Macroeconomic Framework and Development Strategy

Keith Griffin
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Keith Griffin: University of California

Chapter 11 in Studies in Globalization and Economic Transitions, 1996, pp 248-271 from Palgrave Macmillan

Abstract: Abstract Uzbekistan began life as an independent country with a huge shock: it lost aid transfers from the Soviet Union equivalent to more than 19 per cent of its GDP.1 These transfers financed a large part of government expenditure and enabled Uzbekistan to support a wide range of public services and outlays on human capital. The results over the years were impressive. Adult literacy, for women and men combined, was 97.2 per cent. The average number of years of schooling was nine (or even higher), roughly equal for women and men. Life expectancy was high at 69 years and average incomes, while low by the standards of the USSR, were relatively high compared to those of neighbouring Asian countries. Accurate estimates of GNP per capita are difficult to obtain, but as an order of magnitude, $960 seems about right.2

Keywords: Foreign Exchange; Banking System; Average Income; Finance Capital; Relative Prex (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230372139_11

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