KEY DIRECTIONS AND IMPORTANCE OF DEVELOPING EXPORT POTENTIAL IN UZBEKISTAN
Keywords:
export potential, globalization, trade theories, Uzbekistan, resource allocation, economic growth, import substitution, export promotion, sustainable development.Abstract
This article explores the key directions and significance of enhancing Uzbekistan's export potential in the context of globalization. The study analyzes global trade theories, including classical, neoclassical, and modern models, and their relevance to Uzbekistan's economic development. The work highlights specific effects of export growth, such as resource reallocation, increasing returns to scale, productivity improvements, and knowledge spillovers. Furthermore, the paper examines the interplay between export promotion and import substitution strategies as essential mechanisms for overcoming structural economic challenges. The proposed roadmap includes strengthening institutional support, diversifying exports, fostering innovation, and leveraging international trade agreements to ensure sustainable growth and economic resilience.
