Interview with Fellow Jamshid Normatov

Name: Jamshid Normatov

Country: Uzbekistan

Degree: MA in European Studies

Academic disci­pline: World Economy

Specia­li­sation: Inter­na­tional Economics

Topic of the doctoral thesis: Financial libera­liz­ation under WTO: oppor­tu­nities and risk for developing economies

How would you explain the topic of your disser­tation to a non-expert in the field? My topic concerns the issue of financial libera­liz­ation in developing countries. The World Trade Organiz­ation promotes trade in goods and services worldwide. Financial services trade is important for developing countries because it has potential for providing access to funding for people and businesses. This can reduce the costs of borrowing and promote invest­ments. These, in turn, can generate new jobs, higher incomes for people and more tax revenues for the government. However, financial libera­liz­ation contains risks. It may lead to depen­dency of developing countries on foreign borrowing and may result in financial crises if foreign banks decide to stop lending. My research aims to provide a rationale for financial libera­liz­ation and to recommend regulation models for developing countries to minimize libera­liz­ation risks.

I am writing a doctoral thesis because I pursue the goal of becoming an educa­tional leader and academic authority in inter­na­tional economics.

What are your expec­ta­tions from the EUCACIS programme? I expect the EUCACIS programme to provide me with academic advice on my doctoral research as well as networking oppor­tu­nities with leading specia­lists in my field of research. I am also hopeful that the programme will help me with getting access to infor­mation related to my research as well as assist me with publi­shing my research findings in peer-reviewed journals in the EU.

In ten years, I see myself as a policy advisor on economic policy-making working with the Uzbek government, inter­na­tional organiz­a­tions, and business. I believe by then I will have gained  experience and be prepared to become a public leader in my country, who will enact policies in support of develo­pment and growth.

If I was not doing a PhD right now, I would have less chances of being promoted in my current job. I need the PhD to assume more respon­sible – senior management – positions within the university.