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Changing the emphasis of industrial policy


Changing the emphasis of industrial policy

Over the last years, the strategy of economic growth of Uzbekistan was aimed at accelerating the development of basic (mostly mining) industries. A large part of investments in the economy is still given to this sector. It played an important role in providing other sectors with raw materials, and in increasing exports. It has become an important factor in achieving high economic growth.

However, maintaining high rates of economic growth in the long term requires a shift in emphasis on promotion of the accelerated development of processing industries.

Why is there a need for a shift from accelerated development of the basic to the processing industries, taking into account current challenges of the country and their relation to the structure of the economy?

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