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  • The scenarios of long-term economic development of Uzbekistan: methodological approaches and acceptable option

The scenarios of long-term economic development of Uzbekistan: methodological approaches and acceptable option

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Duration: June 2014 - March 2015

The scenarios of long-term economic development of Uzbekistan: methodological approaches and acceptable option

The success of any policy from long-term economic development point of view is based on the ability to see the essence of the problem, to develop science-based scenarios describing ways to solve the problem, to select and implement the best options of all available alternatives. Long-term forecasts are important for the detection of serious challenges, which the country may face in the future, and for decision-making to mitigate the negative effects of these issues.

According to international experience, ensuring long-term sustainable economic growth in modern conditions is impossible without an increase in return on assets and active industrial policy aimed at accelerating the pace of economic restructuring. Thus, if the transformation of the assets should be aimed at the optimization of their structure in order to improve the return on them, support for the processing industry should be in focus of industrial policy, especially medium-sized enterprises as an engine of modern competitive economy.