Competition, Corporate Governance, and Regulation in Central Asia : Uzbekistan's Structural Reform Challenges

In Uzbekistan state enterprises are being changed into shareholding companies, and private enterprises account for 45 percent of all registered firms. But business decisions to set prices, output, and investment are often not market-based, nor wholly within the purview of businesses, especially thos...

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Bibliographic Details
Main Author:	Broadman, Harry G.
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	accountability advertising anti-monopoly committee asset management asset value audits authority bankruptcy barriers to entry coal collusion competition legislation competition policy competitiveness consensus consumers corporate governance corruption debt decision-making decree decrees dividends domestic market economic criteria economic development economic research economies of scale empirical studies employment enactment energy prices enforcement of competition equilibrium exchange rate exports external incentives financial resources financial subsidies fiscal fixed costs foreign direct investment foreign exchange foreign exchange liberalization foreign exchange regime foreign investors government officials government programs government's policy human capital imports insolvent institutional framework institutional investors institutional resources international arbitration labor market legislation legislative authority legislative drafting legislative framework legislature lobbying local authorities local government local governments macroeconomic policy macroeconomic reform macroeconomic stability market competition market demand market distortions market economy market forces market incentives market power market prices market reforms market share market structure market value ministers ministry of finance monopolies monopoly national level natural monopolies oil organizational structure organizational structures ownership structure price control price controls price distortions producers production processes productive assets profit maximization property rights public hearings public procurements regulatory capture regulatory oversight regulatory policies regulatory policy regulatory regime republics retained earnings safety nets social costs social safety social safety nets state anti-monopoly policy state assets state enterprises state-owned enterprises suppliers taxation transition economies transparency unfair competition WTO regulatory framework competition (economic) microeconomics structural reforms enterprise development private sector development investments pricing reforms business decision-making market-based instruments corporate performance commercial performance indicators manufacturing economic growth legal framework industrial marketing infrastructure reform tariff reforms price policy
Online Access:	http://hdl.handle.net/10986/21585