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Reducing Reliance on Raw Material Exports through Strategic Industrial Development in Uzbekistan
), Kuralova Aynur Ganimurat(2), Abdualimova Shaxrizoda Furqat(3), Norboyev Shaxzod Abduraxmon(4),
(1) Chirchik State Pedagogical University
(2) Chirchik State Pedagogical University
(3) Chirchik State Pedagogical University
(4) Chirchik State Pedagogical University
Corresponding Author
Abstract
This study investigates Uzbekistan’s economic reliance on raw material exports and the socio-economic challenges resulting from this dependency. It highlights the limitations of a resource-based economy, including vulnerability to global market fluctuations and slow industrial advancement. Drawing on international best practices, the paper explores policy measures to enhance economic diversification through the development of value-added industries, investment in innovation, and improvement of the investment climate. Emphasis is placed on strengthening industrial infrastructure, expanding high-tech sectors, and promoting human capital development through education and vocational training. The study concludes that transitioning to an innovation-driven industrial model is crucial for achieving long-term economic sustainability and global competitiveness.
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References
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