Gavhar Khamdamova,
candidate of economics, professor, Tashkent Financial Institute,
Tashkent, Uzbekistan. Email: gavkharxamdamova@gmail.com
ORCID: 0000-0002-0690-6845
Abstract: This article examines the dynamics of the development of the diversified industry of the Republic of Uzbekistan, where statistical data indicate that over the past few years the contribution of the domestic industrial sector to the total GDP of the country has increased significantly thanks to the implementation of reforms and the implementation of comprehensive measures for the diversification and modernization of economic sectors, effective structural shifts in the development of this sector of the economy have been ensured. These measures have contributed to the implementation of reforms. At the same time, it is considered that in the process of industrial development, issues affecting the sequence of dynamic production growth and the competitiveness of products have yet to be resolved. As a result, maintaining a low level of efficiency in the use of fuel and energy resources in almost all areas and spheres of the economy necessitates an active policy of resource conservation. The problem of a high level of wear of machinery and equipment negatively affects the expansion of the company’s ability to remain competitive in the market, as well as the problem of low labor productivity is caused by a high level of wear of machinery and equipment. Due to the high costs of transport and logistics, there is a problem with the high costs associated with entering foreign markets, in turn, this is due to the underdevelopment of the country’s logistics infrastructure, which necessitates the construction of a unified logistics system, as well as logistics centers in each region of the country, and the lack of uniform strict requirements and national quality standards continues to be a problem. The fact that many different goods do not meet the quality standards imposed on international markets negatively affects the competitiveness of domestic goods and restricts the export of these goods. Almost every industry does not have a base for its own research and development, as well as its own scientific innovations and technological achievements. This represents a barrier to the introduction of innovative ideas in the business world. There is a presentation of statistical data, which allows an objective analysis of the current state of the industry. Based on the conducted research, proposals are made for the implementation of a mixed model based on catch-up and innovative development models, with a concentration of efforts on breakthrough scientific and technical areas, while in order to improve the welfare and quality of life of the population, it is necessary to ensure the solution of strategic tasks of socio-economic development of the republic.
Keywords: diversified industry, economic strategy, diversification of production, industrial policy, modernization of production, production potential.