TRANSITIONS TO MARKET ECONOMY IN UZBEKISTAN

Аннотация

Abstract: This article provides a comprehensive analysis of Uzbekistan’s transition from a centrally planned economy to a market-oriented system. It focuses on the critical reforms, policy choices, and institutional changes that have defined the country’s economic development over the past three decades. Emphasizing the unique challenges and successes of the Uzbek model, the article explores how strategic liberalization, privatization, investment promotion, and infrastructural improvements have laid the groundwork for long-term growth. In-depth discussion is given to the evolution of state-market relations, the transformation of property rights, and tax and regulatory frameworks. It concludes by assessing prospects for deeper integration into the global economy and recommendations for sustaining reform momentum.