Strategic Management of International Trade Relations and Sustainable Economic Growth in Uzbekistan
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This research examines the strategic role of international trade relations in promoting sustainable economic growth in Uzbekistan during 1997–2024. Uzbekistan has implemented trade liberalization, foreign investment attraction, macroeconomic stabilization, and market-oriented reforms to strengthen economic development. The study analyzes the relationship between exports, imports, foreign direct investment (FDI), inflation, and GDP growth using secondary macroeconomic data. Empirical analysis was conducted in Stata 16 through descriptive statistics, Pearson correlation, ordinary least squares (OLS) regression, and diagnostic tests.
The findings show that Uzbekistan achieved an average GDP growth rate of 6.19% during the study period. Regression results reveal that exports have a positive and statistically significant effect on economic growth, while inflation negatively affects GDP growth at the 5% significance level. FDI demonstrates a positive but marginally significant contribution, whereas imports have a negative and statistically insignificant impact. The model explains 35.33% of GDP growth variation.
Diagnostic tests confirm the absence of serious multicollinearity, heteroskedasticity, and autocorrelation issues. The study concludes that effective strategic management of international trade relations, export-oriented policies, and macroeconomic stability are key drivers of sustainable economic growth in Uzbekistan. The research also recommends strengthening export diversification, improving the investment climate, and enhancing trade management mechanisms to support long-term economic sustainability and global competitiveness.