Volume 03 Issue 05-2023
38
American Journal Of Philological Sciences
(ISSN
–
2771-2273)
VOLUME
03
ISSUE
05
P
AGES
:
38-42
SJIF
I
MPACT
FACTOR
(2022:
5.
445
)
(2023:
6.
555
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
Production in the agricultural and industrial sectors fell in the early years of independence while management
complexity increased. This was because Uzbekistan was economically dependent, its businesses couldn't function on
their own, and they were totally reliant on factories, machinery, and other imports from other areas. Those
relationships were destroyed when the former Soviet Union fell apart. To overcome the economic downturn and
stabilize the macro-economy, Uzbekistan has taken action. The stages of Uzbekistan's post-independence economic
stabilization and development are covered in this article.
KEYWORDS
Economy, stabilization, development, stages, macroeconomics, foreign trade, trade.
INTRODUCTION
Uzbekistan has made structural improvements to the
economy, built businesses that can produce
competitive goods, and made the required
investments to stabilize the macro-economy. The state
budget and other public monies were used to allocate
the money required for structural reforms in the
economy. The entire amount invested in the economy
from 1994 to 2003 was 28.4 billion soums.
Research Article
ECONOMIC DEVELOPMENT AND SUITABILITY STAGES IN UZBEKISTAN
Submission Date:
May 08, 2023,
Accepted Date:
May 13, 2023,
Published Date:
May 18, 2023
Crossref doi:
https://doi.org/10.37547/ajps/Volume03Issue05-07
Aybek Bakbergenov
Student Of Karakalpak State University, Uzbekistan
Qalmuratova Shaxlo
Student Of Karakalpak State University, Uzbekistan
Journal
Website:
https://theusajournals.
com/index.php/ajps
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 03 Issue 05-2023
39
American Journal Of Philological Sciences
(ISSN
–
2771-2273)
VOLUME
03
ISSUE
05
P
AGES
:
38-42
SJIF
I
MPACT
FACTOR
(2022:
5.
445
)
(2023:
6.
555
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
Foreign investment has been the target of initiatives to
reorganize the national economy. Adoption of the "On
Foreign Investment" and "On Guarantees and
Measures to Protect the Rights of Foreign Investors"
laws. During the years of independence, important
economic sectors have grown and new industries have
been established. This is well demonstrated by the
nation's independence from foreign oil. Early in the
1990s, 600,000 tons of cotton fiber were exported to
Russia and other nations in exchange for 6 million tons
of oil products. As a result, the fight for energy
independence in our nation began, which was
supported by the presence of more than 160 oil fields
and about 2 trillion cubic meters of gas reserves.
The structure of agricultural production has undergone
improvements. Crop production evolved into a
separate farm industry. The government has
consistently implemented its plan to reclaim the
production of grains, sugar, and other food products.
The appearance of our towns and cities has changed,
and people today enjoy greater living standards.
Large-scale building, business formation, economic
structural changes, and sustained growth rates are the
cornerstones for enhancing peoples' material and
social lives and well-being annually. Natural gas and
drinkable water are now much more widely available
to the populace.
Social protection is given special consideration. The
major objective of Uzbekistan's reforms has been to
establish fair conditions for living and working. The
necessary steps for the population's initial social
protection have been taken starting with the first
phase of the transition to market relations. Cash
transfers in the form of pensions, various allowances,
stipends, and compensatory payments have been
routinely employed to achieve this. The nation has a
well-developed system of healthcare and social
services. During the years of independence, the
number of outpatient clinics increased from 3,000 to
4,800 or 1.6 times. 1,600 medical centers have been
opened in rural areas. More than 81.5 thousand
doctors provide qualified medical care to the
population in various specialties.
Where is modern-day Uzbekistan going? Answering
the query in a clear, reasoned manner can help you
create an objective view in society. There is little doubt
that the work being done to further economic and
political changes over the past four years is different
from that done in the past. The procedures and
methods for achieving the goals and objectives are
unaltered. The country's independence, wealth, and
expansion of the welfare of the populace remain
consistent objectives.
The prior long-term plan was more concerned with
preserving the level of economic development
attained, and this must be clearly acknowledged. By
connecting the domestic market to long-established
monopolies, the plan was to isolate the national
Volume 03 Issue 05-2023
40
American Journal Of Philological Sciences
(ISSN
–
2771-2273)
VOLUME
03
ISSUE
05
P
AGES
:
38-42
SJIF
I
MPACT
FACTOR
(2022:
5.
445
)
(2023:
6.
555
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
economy and reduce external risks brought on by
isolation and autarky.
As a result, maintaining a single, assured "comfort
zone" for many years became the primary objective.
We convinced ourselves that problems didn't exist
rather than attempting to find solutions. Innovations
from the outside were viewed as a menace and a
threat, not as a chance to reach their full potential. We
blocked them and encountered stagnation in many
areas because we perceived everything outside as
pressure on us.
The fast-changing globe, in turn, requires a
fundamentally new economic strategy, an aggressive
foreign economic strategy intended to uncover fresh
openings for significant advances in all fields, including
economics, education, science and technology, social
and humanitarian issues. The times itself demanded a
fresh outlook and way of thinking in the way public
administration is structured, notably in the area of
foreign affairs.
Naturally, in such circumstances, there was a need to
understand the inevitable need for change. Realizing
that it is the only way to guarantee decent progress,
rather than doing it out of habit or a need to remain in
one location. All areas
—
public administration, society,
the media, and the economy
—
have started to
experience a rebirth. These are actual actions that will
set Uzbekistan on a new course for development when
the President talks about setting the stage for the next
Renaissance. However, not everyone will be able to
properly adapt to the new circumstances. It is evident
that many people would need to adapt and leave their
usual "comfort zone." Someone simply does not have
time to keep up with the pace of events. Skepticism is
unavoidable in such situations, and as a result, any
news is subject to critique. Due to their reluctance to
alter their current way of life, many people prefer not
to accept the changes that are occurring.
These feelings are made worse by the crisis, which
hasn't affected us as much as it has other nations.
Some skeptics and specialists have solid reason to
doubt the current reforms in the country, including
foreign policy, due to the issues faced by citizens who
have lost their source of income or revenue stream and
the indifference of some officials. The current
approach, however, is a wholly practical means to
actively build and exploit new drivers of development
in both domestic and foreign policy.
What benefits does the new course offer, and how will
it bolster our independence? First off, from the
perspective of foreign policy, Uzbekistan is now more
brazenly contributing to shaping regional and global
agendas and is more actively engaged in international
processes.
Specific actions have been taken in recent years to
lessen the role and involvement of the state in the
Volume 03 Issue 05-2023
41
American Journal Of Philological Sciences
(ISSN
–
2771-2273)
VOLUME
03
ISSUE
05
P
AGES
:
38-42
SJIF
I
MPACT
FACTOR
(2022:
5.
445
)
(2023:
6.
555
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
economy, to widely implement market concepts and
processes in the management of economic sectors,
and to raise the general welfare and standard of living
of the populace. In addition, structural changes in the
economy's sectors and the current organization of
economic bodies, as well as the rules and procedures
for arranging their activity, do not comply with
contemporary standards of economic administration.
Particularly in the context of economic change, there is
no system in place for formulating sound targets
(indicators) of socioeconomic development of the
nation or for identifying new sources of economic
growth while taking into account internal and external
factors already in place and strategic reform priorities.
In order to achieve balance through sectoral and
regional economic development, including the
realization of urbanization potential, the system of
coordination of work on the location of productive
forces is not sufficiently formed.
In order to widely apply market principles, diversify
domestic production, fill the market with competitive
goods, and raise their volume in overseas markets,
necessary measures are not being created. As a result,
the populace, particularly in rural regions, lacks a
reliable source of income, and the development of
high-caliber human capital is hampered by the low level
of sustainable job creation.
CONCLUSION
In conclusion, a new system of economic
administration that is in keeping with the market
economy has been developed throughout the years of
independence, drastically altering the previous system
of economic management. Infrastructure for the
market has already been established. The
macroeconomic and financial situation has stabilized,
our nation has experienced a period of economic
downturn, and the prerequisites for economic growth
have been established. Private property now has a
legal foundation. A multi-sectoral economy was
created as a result of the privatization of public assets.
Most significantly, our people's way of thinking and
outlook on life are changing drastically. More and
more people are coming to understand that their
family's welfare and standard of living depend on
them.
REFERENCES
1.
"Xalq
so
ʻ
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gazetasi
https://xs.uz/uz/post/ozbekiston-respublikasi-
iqtisodiyot-va-sanoat-vazirligi-tashkil-edildi
2.
"Yangi
O'zbekiston"
08.09.2020-y
https://yuz.uz/uz/news/mustaqil-ozbekiston--
yangi-strategiya-yangi-imkoniyatlar
3.
https://yuz.uz/uz/news/jpmorgan-ozbekiston-
iqtisodiyoti-2021-yilda-81-foizga-osishi-
kutilmoqda
Volume 03 Issue 05-2023
42
American Journal Of Philological Sciences
(ISSN
–
2771-2273)
VOLUME
03
ISSUE
05
P
AGES
:
38-42
SJIF
I
MPACT
FACTOR
(2022:
5.
445
)
(2023:
6.
555
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
4.
A. Qodirov "Iqtisodiy rivojlanishning umumiy
nazariy
asoslari"
https://uz.denemetr.com/docs/768/index-
69936-1.html
5.
http://tsue.uz/uz/raqamli-iqtisodiyot-yangi-
ozbekiston-taraqqiyotining-yangi-davri/
