ECONOMIC DEVELOPMENT. DEVELOPMENT STRATEGIES

Abstract

this article examines the growing importance of economic development in Uzbekistan and the role of development strategies in enhancing the country’s position in international cooperation. Uzbekistan’s unique natural resources, industrial potential, agricultural and urban development, as well as its historical and cultural heritage, are highlighted as key drivers of economic growth.Since 2017, economic reforms such as improving the investment climate, establishing free trade zones, implementing innovative technologies, and expanding tax incentives have stimulated economic progress. These strategies also contribute to attracting foreign investment, strengthening cooperation with international organizations, and enhancing diplomatic relations.The article also emphasizes the social, cultural, and political benefits of economic development, including the creation of jobs, improvement of citizens’ well-being, promotion of local production, and strengthening Uzbekistan’s positive image on the global stage. Despite existing challenges such as infrastructure limitations and regional competition, the long-term prospects for Uzbekistan’s economic development remain positive, supporting sustainable growth in Central Asia.