FINANCIAL MANAGEMENT FEATURES IN EMERGING ECONOMIES (IN CASE OF UZBEKISTAN)

Toshmurodova Buvsara

No 2014-12-09, Working papers from Voice of Research

Abstract: Uzbekistan being one of the rapidly growing countries in Central Asia is characterized as emerging economy. Nowadays, Uzbekistan Government encourages entrepreneurs/companies to manufacture high value added products and become competitive players in global market. Thus, Uzbekistan needs to develop and improve contemporary management systems; including financial management. This article includes interesting information about the history of development of financial management in Uzbekistan. Author tried to describe improvement trends of financial management system in Uzbekistan by using theoretical and scientific analysis. There were written some key issues for development of financial management systems. Author approached to financial management as a system which plays a vital role in development of the whole organization. There was explained financial management domain. It’s notable that information system issues of financial management were also described. Paper shows the basic results of research aiming to investigate financial management issues in Uzbekistan. Availability of two things – systematic approach and principle of system is characterized as main condition to develop financial management systems. Key words: financial management, financial data, financial resources

Date: 2014-12
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-tra
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