Scenarios of economic development of Uzbekistan in conditions of instability

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Abstract

The development of new trends in world politics, the complication of globalization processes, the long-term consequences of the COVID-19 pandemic and cyclical fluctuations in the world economy have highly actualized the study of the economic positions of Central Asian countries, in particular the Republic of Uzbekistan. The author studied the current state and trends in the development of the national economy of Uzbekistan and identified trends and scenarios for the further development of the transformed economy in conditions of instability of the world economy. When choosing priority areas in the sectors of the economy, the emphasis should be placed on those areas and technology that will give the maximum effect for resource conservation, growth of competitiveness of domestic products, sustainable employment, reduction of transaction costs and growth of human capital. The method of scenarios is used, which allows combining factors and conditions of development within a limited number of alternative models of economic growth. With the use of modern model analytical tools, this method allows to assess the most likely consequences of their implementation.The scenarios considered represent the extreme hypothetical directions of the long-term development of the national economy and determine the framework for optimal solutions. The article is of interest to postgraduates, doctoral students, as well as specialists interested in the economy of Central Asian countries, in particular Uzbekistan.

About the authors

Konstantin Ivanovich Kurpayanidi

Fergana Polytechnic Institute

Email: antinari@gmail.com
профессор кафедры «Экономика», кандидат экономических наук, доцент

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