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Monday, June 27, 2011

'Uzbekistan: An Outpost Against Globalization'

from foreignpolicyjournal......

"There are few states remaining that have remained free from the international oligarchy. One of these is Uzbekistan, whose rejection of involvement with international financial institutions and maintenance of a sovereign currency has, despite economic problems such as hyper-inflation, enabled this state to stay secure from recent world financial turbulence. Since Uzbekistan remains a relatively sovereign nation, it is problematic to the globalist oligarchy.



Oilprice.com states that Uzbekistan is rich in resources, including proven natural gas reserves of 1.58 trillion cubic meters, 594 million barrels of proven oil reserves, and 190 oil and natural gas fields; lead, zinc, silver, molybdenum and coal; the world’s seventh largest amount of gold reserves; over 2,700 mineral deposits, and a variety of 100 different natural resources.[1]
The Oilprice report states that the reason for the lack of foreign investment until now has been that the country is landlocked, that its currency is “not yet fully convertible,” and that the state “has also pursued a cautious policy with international fiscal institutions…” The Oilprice.com writers add, “but the wisdom of such an approach has been vindicated during the global recession, which largely bypassed Uzbekistan.”[2] Oilprice.com frankly states that when Texas Governor George Bush lobbied with the Uzbek ambassador to get Enron into the country, despite a promising start, Enron was rebuffed, and “Uzbekistan wisely chose not to ingest the Enron Kool-aid.”[3] However other corporations have successfully entered Uzbekistan based on joint ventures with the State. These include: General Motors, Boeing, Coca Cola, Baker Hughes, Honeywell, Nukem, and Hewlett Packard.[4] Oilprice further states that according to Wikileaks, the US Embassy has advised that corporations wanting to invest in Uzbekistan will be assisted to aggressively negotiate in regard to state policy"...........READ MORE

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