UZBEKISTAN'S PURSUIT OF A MULTIVECTOR FOREIGN POLICY: THREATS AND PROSPECTS (THE ECONOMIC DIMENSION OF A BALANCING STRATEGY)

This article examines Uzbekistan’s multivector foreign policy between 2017 and 2025, focusing on its economic dimension. Drawing on legislative acts, presidential decrees, and data from the Statistics Agency, the study identifies key mechanisms of balancing among major powers. Using the IMRaD framework, it analyses investment flows and foreign trade indicators. The findings show that economic multivectorism has proven effective: over 2017–2025 foreign investment reached $120 billion, exports increased by 28% in 2025, and manufacturing’s share in GDP exceeded 80%. Risks persist due to high investment concentration from China (36–40%) and dependence on remittances. Institutional reforms, including KPIs for diplomatic missions, underpin longterm sustainability.本文针对2017至2025年乌兹别克斯坦的多方位外交政策展开研究，重点聚焦其经济维度。本研究依托立法文件、总统令及乌兹别克斯坦国家统计委员会的相关数据，梳理出其在大国间实施战略平衡的核心机制。本研究采用IMRaD学术框架，对投资流动与对外贸易指标进行分析。研究结果显示，经济多方位外交政策已取得显著成效：2017至2025年间，外国投资总额达1200亿美元，2025年出口额增长28%，制造业占国内生产总值（GDP）的比重突破80%。但仍存在潜在风险：对华投资集中度达36%至40%，且该国高度依赖侨汇收入。包括为外交使团设定关键绩效指标（KPIs）在内的制度改革，为该国的长期可持续发展提供了坚实支撑。